PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Bouma Group, Inc, Grand Rapids, MI

SBA PPP loan data, payroll data, and salaries for Bouma Group, Inc
MI

Bouma Group, Inc

Entity: Corporation

Industry: Commercial and Institutional Building Construction

Location: Grand Rapids, MI

Search All PPP Data

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:

$3.97M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-04

Lender:

MACATAWA BANK

Bouma 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.

Because the loan received by Bouma Group, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Bouma Group, Inc in Grand Rapids, MI

Bouma Group, Inc
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-02

Similar 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).

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/bouma-group-inc-grand-rapids-mi