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PPP Loan Data — Bouma Group, Inc,
Grand Rapids, MI
Bouma Group, Inc
Entity: Corporation
Industry: Commercial and Institutional Building Construction
Location: Grand Rapids, MI
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Bouma Group, Inc is a corporation located at 4101 Roger B Chaffee Mem Dr in Grand Rapids, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,971,100.00 in April, 2020.
The company has reported itself as a White male owned business.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-04Lender:
MACATAWA BANKBouma Group, Inc in Grand Rapids, MI received a Paycheck Protection Loan of $3.97M through MACATAWA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Bouma Group, Inc's total 2019 payroll expenses were approximately $19.06M in order to qualify for the PPP loan amount received.
Unlike most businesses, Bouma Group, Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Bouma Group, Inc in Grand Rapids, MI
4101 Roger B Chaffee Mem Dr
Grand Rapids, MI 49548
Business Industry
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: MI-02Similar Companies near Grand Rapids
In the Grand Rapids area, 8 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 0) and received an average PPP loan of $1,060,547 (compared to this company's $3.97M).
Similar Nearby Businesses Who Received PPP Funding:
Beckering Advisor, Inc.
Grand Rapids, MI
Newco Design Build, LLC
Grand Rapids, MI
James S. Riemersma Construction Services, Inc.
Grand Rapids, MI
DE Jager Construction, Incorporated
Wyoming, MI
Schepers Brothers Company, Inc.
Grand Rapids, MI
D&D Building, Inc
Grand Rapids, MI
D9 Systems, Inc.
Grand Rapids, MI
Industry PPP Comparison Statistics
Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, and received an average PPP loan of $203,235, 95% lower than this company's loan of $3.97M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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