A total of 39 loans were distributed to 49616 Michigan leading to a reported 425 jobs being retained. Based on the data, between $2,482,132 and $3,882,132 have been loaned through the Payroll Protection Program to businesses in 49616 Michigan.

Loan RangeNo. of LoansJobs RetainedAmount Loaned
$5-10M00 $0 - $0 View Loans
$2-5M00 $0 - $0 View Loans
$1-2M1159 $1,000k - $2.0M View Loans
$350k-1M00 $0 - $0 View Loans
$150k-350k262 $300k - $700k View Loans
<$150k36204$1.2MView Loans
Total39425 $2.5M - $3.9M

LIST OF ALL PPP LOANS IN 49616 Michigan

LoanBusinessLocationJobs RetainedLoan ApprovedNAICS Description
$1-2 millionCrystal Lake Clinic, PCBenzonia, MI 496161592020-04-07Offices of Physicians (except Me...
Business NameCrystal Lake Clinic, PCLoan Amount$1-2 million
Business Address6227 FRANKFORT HWYJobs Retained159
City, State ZipBENZONIA, MI 49616Date Approved2020-04-07
Business TypeCorporationNAICS Code621111
Race or EthnicityUnansweredNAICS DescriptionOffices of Physicians (except Mental Health Specialists)
GenderUnansweredNAICS CategoryHealth Care and Social Assistance
VeteranUnansweredLenderHonor Bank
Non-ProfitCongressional DistrictMI - 01
$150,000-350,000Gillison'S Variety Fabrication, Inc.Benzonia, MI 49616342020-04-06Farm Machinery and Equipment Man...
Business NameGillison'S Variety Fabrication, Inc.Loan Amount$150,000-350,000
Business Address3033 Benzie HwyJobs Retained34
City, State ZipBENZONIA, MI 49616Date Approved2020-04-06
Business TypeCorporationNAICS Code333111
Race or EthnicityUnansweredNAICS DescriptionFarm Machinery and Equipment Manufacturing
GenderUnansweredNAICS CategoryManufacturing
VeteranUnansweredLenderWest Shore Bank
Non-ProfitCongressional DistrictMI - 01
$150,000-350,000Watson Benzie, LLCBenzonia, MI 49616282020-04-06New Car Dealers
Business NameWatson Benzie, LLCLoan Amount$150,000-350,000
Business Address1514 Benzie HwyJobs Retained28
City, State ZipBENZONIA, MI 49616Date Approved2020-04-06
Business TypeLimited Liability Company(LLC)NAICS Code441110
Race or EthnicityUnansweredNAICS DescriptionNew Car Dealers
GenderUnansweredNAICS CategoryRetail Trade
VeteranUnansweredLenderHonor Bank
Non-ProfitCongressional DistrictMI - 01
$112,735.00UndisclosedBenzonia, MI 49616122020-04-29Full-Service Restaurants
Business NameUndisclosedLoan Amount$112,735.00
Business AddressJobs Retained12
City, State ZipBENZONIA, MI 49616Date Approved2020-04-29
Business TypeSubchapter S CorporationNAICS Code722511
Race or EthnicityUnansweredNAICS DescriptionFull-Service Restaurants
GenderUnansweredNAICS CategoryAccommodation and Food Services
VeteranUnansweredLenderHonor Bank
Non-ProfitCongressional DistrictMI - 01
$80,900.00UndisclosedBenzonia, MI 4961602020-04-06Veterinary Services
Business NameUndisclosedLoan Amount$80,900.00
Business AddressJobs Retained0
City, State ZipBENZONIA, MI 49616Date Approved2020-04-06
Business TypeCorporationNAICS Code541940
Race or EthnicityUnansweredNAICS DescriptionVeterinary Services
GenderFemale OwnedNAICS CategoryProfessional, Scientific, and Technical Services
VeteranNon-VeteranLenderLive Oak Banking Company
Non-ProfitCongressional DistrictMI - 01
$80,200.00UndisclosedBenzonia, MI 49616162020-04-13Home Health Care Services
Business NameUndisclosedLoan Amount$80,200.00
Business AddressJobs Retained16
City, State ZipBENZONIA, MI 49616Date Approved2020-04-13
Business TypeCorporationNAICS Code621610
Race or EthnicityUnansweredNAICS DescriptionHome Health Care Services
GenderUnansweredNAICS CategoryHealth Care and Social Assistance
VeteranUnansweredLendermBank
Non-ProfitCongressional DistrictMI - 01
$77,145.00UndisclosedBenzonia, MI 4961662020-04-10Hardware Stores
Business NameUndisclosedLoan Amount$77,145.00
Business AddressJobs Retained6
City, State ZipBENZONIA, MI 49616Date Approved2020-04-10
Business TypeSubchapter S CorporationNAICS Code444130
Race or EthnicityUnansweredNAICS DescriptionHardware Stores
GenderUnansweredNAICS CategoryRetail Trade
VeteranUnansweredLenderHonor Bank
Non-ProfitCongressional DistrictMI - 01
$71,000.00UndisclosedBenzonia, MI 49616122020-05-01Industrial and Personal Service ...
Business NameUndisclosedLoan Amount$71,000.00
Business AddressJobs Retained12
City, State ZipBENZONIA, MI 49616Date Approved2020-05-01
Business TypeSubchapter S CorporationNAICS Code424130
Race or EthnicityUnansweredNAICS DescriptionIndustrial and Personal Service Paper Merchant Wholesalers
GenderMale OwnedNAICS CategoryWholesale Trade
VeteranNon-VeteranLenderJPMorgan Chase Bank, National Association
Non-ProfitCongressional DistrictMI - 01
$70,267.00UndisclosedBenzonia, MI 49616152020-04-27Gasoline Stations with Convenien...
Business NameUndisclosedLoan Amount$70,267.00
Business AddressJobs Retained15
City, State ZipBENZONIA, MI 49616Date Approved2020-04-27
Business TypeLimited Liability Company(LLC)NAICS Code447110
Race or EthnicityUnansweredNAICS DescriptionGasoline Stations with Convenience Stores
GenderMale OwnedNAICS CategoryRetail Trade
VeteranUnansweredLenderHonor Bank
Non-ProfitCongressional DistrictMI - 01
$68,500.00UndisclosedBenzonia, MI 4961652020-05-03Offices of Lawyers
Business NameUndisclosedLoan Amount$68,500.00
Business AddressJobs Retained5
City, State ZipBENZONIA, MI 49616Date Approved2020-05-03
Business TypeSubchapter S CorporationNAICS Code541110
Race or EthnicityUnansweredNAICS DescriptionOffices of Lawyers
GenderUnansweredNAICS CategoryProfessional, Scientific, and Technical Services
VeteranUnansweredLenderPNC Bank, National Association
Non-ProfitCongressional DistrictMI - 01
$64,715.80UndisclosedBenzonia, MI 49616102020-04-28Site Preparation Contractors
Business NameUndisclosedLoan Amount$64,715.80
Business AddressJobs Retained10
City, State ZipBENZONIA, MI 49616Date Approved2020-04-28
Business TypeSubchapter S CorporationNAICS Code238910
Race or EthnicityUnansweredNAICS DescriptionSite Preparation Contractors
GenderUnansweredNAICS CategoryConstruction
VeteranUnansweredLenderAlden State Bank
Non-ProfitCongressional DistrictMI - 01
$60,970.00UndisclosedBenzonia, MI 4961632020-04-13Plumbing, Heating, and Air-Condi...
Business NameUndisclosedLoan Amount$60,970.00
Business AddressJobs Retained3
City, State ZipBENZONIA, MI 49616Date Approved2020-04-13
Business TypeCorporationNAICS Code238220
Race or EthnicityUnansweredNAICS DescriptionPlumbing, Heating, and Air-Conditioning Contractors
GenderUnansweredNAICS CategoryConstruction
VeteranUnansweredLenderHonor Bank
Non-ProfitCongressional DistrictMI - 01
$54,827.00UndisclosedBenzonia, MI 4961672020-04-14Florists
Business NameUndisclosedLoan Amount$54,827.00
Business AddressJobs Retained7
City, State ZipBENZONIA, MI 49616Date Approved2020-04-14
Business TypeCorporationNAICS Code453110
Race or EthnicityUnansweredNAICS DescriptionFlorists
GenderFemale OwnedNAICS CategoryRetail Trade
VeteranNon-VeteranLenderHonor Bank
Non-ProfitCongressional DistrictMI - 01
$53,800.00UndisclosedBenzonia, MI 4961632020-04-29Electrical Contractors and Other...
Business NameUndisclosedLoan Amount$53,800.00
Business AddressJobs Retained3
City, State ZipBENZONIA, MI 49616Date Approved2020-04-29
Business TypeLimited Liability Company(LLC)NAICS Code238210
Race or EthnicityUnansweredNAICS DescriptionElectrical Contractors and Other Wiring Installation Contractors
GenderUnansweredNAICS CategoryConstruction
VeteranUnansweredLenderState Savings Bank
Non-ProfitCongressional DistrictMI - 01
$50,292.00UndisclosedBenzonia, MI 4961662020-04-14Religious Organizations
Business NameUndisclosedLoan Amount$50,292.00
Business AddressJobs Retained6
City, State ZipBENZONIA, MI 49616Date Approved2020-04-14
Business TypeNon-Profit OrganizationNAICS Code813110
Race or EthnicityUnansweredNAICS DescriptionReligious Organizations
GenderUnansweredNAICS CategoryOther Services (except Public Administration)
VeteranUnansweredLenderHonor Bank
Non-ProfitYCongressional DistrictMI - 01
$48,149.00UndisclosedBenzonia, MI 49616262020-04-27RV (Recreational Vehicle) Parks ...
Business NameUndisclosedLoan Amount$48,149.00
Business AddressJobs Retained26
City, State ZipBENZONIA, MI 49616Date Approved2020-04-27
Business TypeCorporationNAICS Code721211
Race or EthnicityWhiteNAICS DescriptionRV (Recreational Vehicle) Parks and Campgrounds
GenderMale OwnedNAICS CategoryAccommodation and Food Services
VeteranVeteranLenderHonor Bank
Non-ProfitCongressional DistrictMI - 01
$44,300.45UndisclosedBenzonia, MI 4961672020-04-28Car Washes
Business NameUndisclosedLoan Amount$44,300.45
Business AddressJobs Retained7
City, State ZipBENZONIA, MI 49616Date Approved2020-04-28
Business TypeCorporationNAICS Code811192
Race or EthnicityUnansweredNAICS DescriptionCar Washes
GenderUnansweredNAICS CategoryOther Services (except Public Administration)
VeteranUnansweredLenderAlden State Bank
Non-ProfitCongressional DistrictMI - 01
$31,420.00UndisclosedBenzonia, MI 4961692020-05-01Commercial Printing (except Scre...
Business NameUndisclosedLoan Amount$31,420.00
Business AddressJobs Retained9
City, State ZipBENZONIA, MI 49616Date Approved2020-05-01
Business TypeLimited Liability Company(LLC)NAICS Code323111
Race or EthnicityUnansweredNAICS DescriptionCommercial Printing (except Screen and Books)
GenderUnansweredNAICS CategoryManufacturing
VeteranUnansweredLenderWest Shore Bank
Non-ProfitCongressional DistrictMI - 01
$30,500.00UndisclosedBenzonia, MI 4961662020-04-28All Other Miscellaneous Crop Far...
Business NameUndisclosedLoan Amount$30,500.00
Business AddressJobs Retained6
City, State ZipBENZONIA, MI 49616Date Approved2020-04-28
Business TypeCorporationNAICS Code111998
Race or EthnicityUnansweredNAICS DescriptionAll Other Miscellaneous Crop Farming
GenderUnansweredNAICS CategoryAgriculture, Forestry, Fishing and Hunting
VeteranUnansweredLenderState Savings Bank
Non-ProfitCongressional DistrictMI - 01
$29,057.00UndisclosedBenzonia, MI 4961682020-04-27General Automotive Repair
Business NameUndisclosedLoan Amount$29,057.00
Business AddressJobs Retained8
City, State ZipBENZONIA, MI 49616Date Approved2020-04-27
Business TypeLimited Liability Company(LLC)NAICS Code811111
Race or EthnicityUnansweredNAICS DescriptionGeneral Automotive Repair
GenderUnansweredNAICS CategoryOther Services (except Public Administration)
VeteranUnansweredLenderWest Shore Bank
Non-ProfitCongressional DistrictMI - 01
$23,252.00UndisclosedBenzonia, MI 4961622020-04-29Religious Organizations
Business NameUndisclosedLoan Amount$23,252.00
Business AddressJobs Retained2
City, State ZipBENZONIA, MI 49616Date Approved2020-04-29
Business TypeNon-Profit OrganizationNAICS Code813110
Race or EthnicityUnansweredNAICS DescriptionReligious Organizations
GenderUnansweredNAICS CategoryOther Services (except Public Administration)
VeteranUnansweredLenderAlden State Bank
Non-ProfitYCongressional DistrictMI - 01
$20,195.00UndisclosedBenzonia, MI 4961642020-04-27New Single-Family Housing Constr...
Business NameUndisclosedLoan Amount$20,195.00
Business AddressJobs Retained4
City, State ZipBENZONIA, MI 49616Date Approved2020-04-27
Business TypeLimited Liability Company(LLC)NAICS Code236115
Race or EthnicityUnansweredNAICS DescriptionNew Single-Family Housing Construction (except For-Sale Builders)
GenderUnansweredNAICS CategoryConstruction
VeteranUnansweredLenderHonor Bank
Non-ProfitCongressional DistrictMI - 01
$11,345.00UndisclosedBenzonia, MI 4961612020-04-16Other Social Advocacy Organizati...
Business NameUndisclosedLoan Amount$11,345.00
Business AddressJobs Retained1
City, State ZipBENZONIA, MI 49616Date Approved2020-04-16
Business TypeNon-Profit OrganizationNAICS Code813319
Race or EthnicityUnansweredNAICS DescriptionOther Social Advocacy Organizations
GenderUnansweredNAICS CategoryOther Services (except Public Administration)
VeteranUnansweredLenderHonor Bank
Non-ProfitYCongressional DistrictMI - 01
$11,105.00UndisclosedBenzonia, MI 4961612020-06-01Newspaper Publishers
Business NameUndisclosedLoan Amount$11,105.00
Business AddressJobs Retained1
City, State ZipBENZONIA, MI 49616Date Approved2020-06-01
Business TypeSole ProprietorshipNAICS Code511110
Race or EthnicityUnansweredNAICS DescriptionNewspaper Publishers
GenderUnansweredNAICS CategoryInformation
VeteranUnansweredLenderHonor Bank
Non-ProfitCongressional DistrictMI - 01
$10,300.00UndisclosedBenzonia, MI 4961622020-04-28Architectural Services
Business NameUndisclosedLoan Amount$10,300.00
Business AddressJobs Retained2
City, State ZipBENZONIA, MI 49616Date Approved2020-04-28
Business TypeLimited Liability Company(LLC)NAICS Code541310
Race or EthnicityUnansweredNAICS DescriptionArchitectural Services
GenderUnansweredNAICS CategoryProfessional, Scientific, and Technical Services
VeteranUnansweredLenderState Savings Bank
Non-ProfitCongressional DistrictMI - 01
$10,192.00UndisclosedBenzonia, MI 49616242020-04-16All Other Health and Personal Ca...
Business NameUndisclosedLoan Amount$10,192.00
Business AddressJobs Retained24
City, State ZipBENZONIA, MI 49616Date Approved2020-04-16
Business TypeCorporationNAICS Code446199
Race or EthnicityWhiteNAICS DescriptionAll Other Health and Personal Care Stores
GenderFemale OwnedNAICS CategoryRetail Trade
VeteranNon-VeteranLenderHonor Bank
Non-ProfitCongressional DistrictMI - 01
$10,000.00UndisclosedBenzonia, MI 4961622020-05-01New Single-Family Housing Constr...
Business NameUndisclosedLoan Amount$10,000.00
Business AddressJobs Retained2
City, State ZipBENZONIA, MI 49616Date Approved2020-05-01
Business TypeCorporationNAICS Code236115
Race or EthnicityUnansweredNAICS DescriptionNew Single-Family Housing Construction (except For-Sale Builders)
GenderUnansweredNAICS CategoryConstruction
VeteranUnansweredLenderJPMorgan Chase Bank, National Association
Non-ProfitCongressional DistrictMI - 01
$9,175.00UndisclosedBenzonia, MI 4961612020-04-14Electrical Apparatus and Equipme...
Business NameUndisclosedLoan Amount$9,175.00
Business AddressJobs Retained1
City, State ZipBENZONIA, MI 49616Date Approved2020-04-14
Business TypeLimited Liability Company(LLC)NAICS Code423610
Race or EthnicityUnansweredNAICS DescriptionElectrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
GenderUnansweredNAICS CategoryWholesale Trade
VeteranUnansweredLenderHonor Bank
Non-ProfitCongressional DistrictMI - 01
$8,407.00UndisclosedBenzonia, MI 4961632020-04-28Wireless Telecommunications Carr...
Business NameUndisclosedLoan Amount$8,407.00
Business AddressJobs Retained3
City, State ZipBENZONIA, MI 49616Date Approved2020-04-28
Business TypeLimited Liability Company(LLC)NAICS Code517312
Race or EthnicityUnansweredNAICS DescriptionWireless Telecommunications Carriers (except Satellite)
GenderMale OwnedNAICS CategoryInformation
VeteranUnansweredLenderHonor Bank
Non-ProfitCongressional DistrictMI - 01
$6,800.00UndisclosedBenzonia, MI 4961612020-04-10Museums
Business NameUndisclosedLoan Amount$6,800.00
Business AddressJobs Retained1
City, State ZipBENZONIA, MI 49616Date Approved2020-04-10
Business TypeNon-Profit OrganizationNAICS Code712110
Race or EthnicityUnansweredNAICS DescriptionMuseums
GenderUnansweredNAICS CategoryArts, Entertainment, and Recreation
VeteranUnansweredLenderHonor Bank
Non-ProfitYCongressional DistrictMI - 01
$6,202.00UndisclosedBenzonia, MI 4961622020-04-27Religious Organizations
Business NameUndisclosedLoan Amount$6,202.00
Business AddressJobs Retained2
City, State ZipBENZONIA, MI 49616Date Approved2020-04-27
Business TypeNon-Profit OrganizationNAICS Code813110
Race or EthnicityUnansweredNAICS DescriptionReligious Organizations
GenderUnansweredNAICS CategoryOther Services (except Public Administration)
VeteranUnansweredLenderHonor Bank
Non-ProfitYCongressional DistrictMI - 01
$5,655.00UndisclosedBenzonia, MI 4961612020-04-11Nursery and Tree Production
Business NameUndisclosedLoan Amount$5,655.00
Business AddressJobs Retained1
City, State ZipBENZONIA, MI 49616Date Approved2020-04-11
Business TypeCooperativeNAICS Code111421
Race or EthnicityUnansweredNAICS DescriptionNursery and Tree Production
GenderUnansweredNAICS CategoryAgriculture, Forestry, Fishing and Hunting
VeteranUnansweredLenderHonor Bank
Non-ProfitCongressional DistrictMI - 01
$4,600.00UndisclosedBenzonia, MI 4961612020-04-29Painting and Wall Covering Contr...
Business NameUndisclosedLoan Amount$4,600.00
Business AddressJobs Retained1
City, State ZipBENZONIA, MI 49616Date Approved2020-04-29
Business TypeLimited Liability Company(LLC)NAICS Code238320
Race or EthnicityUnansweredNAICS DescriptionPainting and Wall Covering Contractors
GenderUnansweredNAICS CategoryConstruction
VeteranUnansweredLenderState Savings Bank
Non-ProfitCongressional DistrictMI - 01
$4,000.00UndisclosedBenzonia, MI 4961612020-05-26All Other Support Services
Business NameUndisclosedLoan Amount$4,000.00
Business AddressJobs Retained1
City, State ZipBENZONIA, MI 49616Date Approved2020-05-26
Business TypeSelf-Employed IndividualsNAICS Code561990
Race or EthnicityUnansweredNAICS DescriptionAll Other Support Services
GenderUnansweredNAICS CategoryAdministrative and Support and Waste Management and Remediation Services
VeteranUnansweredLenderCeltic Bank Corporation
Non-ProfitCongressional DistrictMI - 01
$2,720.00UndisclosedBenzonia, MI 4961612020-04-28Automobile Driving Schools
Business NameUndisclosedLoan Amount$2,720.00
Business AddressJobs Retained1
City, State ZipBENZONIA, MI 49616Date Approved2020-04-28
Business TypeLimited Liability Company(LLC)NAICS Code611692
Race or EthnicityWhiteNAICS DescriptionAutomobile Driving Schools
GenderMale OwnedNAICS CategoryEducational Services
VeteranUnansweredLenderHonor Bank
Non-ProfitCongressional DistrictMI - 01
$2,602.00UndisclosedBenzonia, MI 4961612020-04-29Janitorial Services
Business NameUndisclosedLoan Amount$2,602.00
Business AddressJobs Retained1
City, State ZipBENZONIA, MI 49616Date Approved2020-04-29
Business TypeSelf-Employed IndividualsNAICS Code561720
Race or EthnicityUnansweredNAICS DescriptionJanitorial Services
GenderUnansweredNAICS CategoryAdministrative and Support and Waste Management and Remediation Services
VeteranUnansweredLenderHonor Bank
Non-ProfitCongressional DistrictMI - 01
$2,595.00UndisclosedBenzonia, MI 4961612020-06-29All Other Personal Services
Business NameUndisclosedLoan Amount$2,595.00
Business AddressJobs Retained1
City, State ZipBENZONIA, MI 49616Date Approved2020-06-29
Business TypeSole ProprietorshipNAICS Code812990
Race or EthnicityUnansweredNAICS DescriptionAll Other Personal Services
GenderUnansweredNAICS CategoryOther Services (except Public Administration)
VeteranUnansweredLenderHonor Bank
Non-ProfitCongressional DistrictMI - 01
$2,577.00UndisclosedBenzonia, MI 4961622020-06-29Used Merchandise Stores
Business NameUndisclosedLoan Amount$2,577.00
Business AddressJobs Retained2
City, State ZipBENZONIA, MI 49616Date Approved2020-06-29
Business TypeSole ProprietorshipNAICS Code453310
Race or EthnicityUnansweredNAICS DescriptionUsed Merchandise Stores
GenderUnansweredNAICS CategoryRetail Trade
VeteranUnansweredLenderHonor Bank
Non-ProfitCongressional DistrictMI - 01
$1,632.00UndisclosedTraverse City, MI 4961622020-06-24Other Direct Selling Establishme...
Business NameUndisclosedLoan Amount$1,632.00
Business AddressJobs Retained2
City, State ZipTRAVERSE CITY, MI 49616Date Approved2020-06-24
Business TypeSole ProprietorshipNAICS Code454390
Race or EthnicityUnansweredNAICS DescriptionOther Direct Selling Establishments
GenderUnansweredNAICS CategoryRetail Trade
VeteranUnansweredLenderHonor Bank
Non-ProfitCongressional DistrictMI - 01
View All 49616 Michigan PPP Loans
CountyNo. of LoansJobs RetainedAmount Loaned
Arcadia, MI981$497k - $497k
Bear Lake, MI124$150k - $350k
Benzonia, MI3221$1.3M - $2.7M
Beulah, MI42337$1.9M - $2.9M
Brethren, MI423$128k - $128k
Copemish, MI10142$722.6k - $1.4M
Elberta, MI740$208.7k - $208.7k
Empire, MI26131$873.3k - $1.3M
Frankfort, MI7498$4.0M - $9.4M
Glen Arbor, MI7325$2.3M - $5.4M
Grawn, MI38445$3.5M - $5.7M
Honor, MI21211$969.3k - $1.6M
Interlochen, MI57818$7.2M - $13M
Kaleva, MI14125$778.8k - $1.4M
Lake Ann, MI27135$717.6k - $917.6k
Maple City, MI40368$2.1M - $3.6M
Onekama, MI12129$553.2k - $753.2k
Thompsonville, MI14447$2.4M - $5.4M
Zip CodeNo. of LoansJobs RetainedAmount Loaned
49613981$497k - $497k
4961428195$1.1M - $1.3M
4961639425$2.5M - $3.9M
4961741335$1.9M - $2.9M
49619423$128k - $128k
4962023238$1.6M - $3.1M
4962511175$858.8k - $1.5M
49628740$208.7k - $208.7k
4963026131$873.3k - $1.3M
4963568899$6.1M - $11.6M
4963635495$3.5M - $6.8M
4963738445$3.5M - $5.7M
4964022224$1.0M - $1.6M
4964358827$7.3M - $13.1M
4964514125$778.8k - $1.4M
4965026134$716.5k - $916.5k
4967513131$558.4k - $758.4k
4968315449$2.4M - $5.4M