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PPP Loan Data — Champion, Inc., Iron Mountain, MI

SBA PPP loan data, payroll data, and salaries for Champion, Inc.

Champion, Inc.

Entity: Corporation

Industry: Ready-Mix Concrete Manufacturing

Location: Iron Mountain, MI

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Champion, Inc. is a corporation located at 180 Traders Mine Rd in Iron Mountain, Michigan that received a Coronavirus-related PPP loan from the SBA of $5,824,200.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 477 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Champion, Inc. in Iron Mountain, MI received a Paycheck Protection Loan of $5.82M through WISCONSIN BANK & TRUST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Champion, Inc.'s total 2019 payroll expenses were approximately $27.96M in order to qualify for the PPP loan amount received.

Based on their reported 477 jobs retained, this equals an estimated average yearly compensation of $58,608 per employee1.

Because the loan received by Champion, 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 - Champion, Inc. in Iron Mountain, MI

Champion, Inc.
180 Traders Mine Rd
Iron Mountain, MI 49801

Business Industry

Ready-Mix Concrete Manufacturing (NAICS code 327320)

Business Owner Demographics

Race / Ethnicity: WHITE


Veteran Status: NON-VETERAN

Congressional District: MI-01

Industry PPP Comparison Statistics

Nationwide, 1,205 businesses in the "Ready-Mix Concrete Manufacturing" industry received a total of $443,693,471.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 26 employees, 95% lower than Champion, Inc.'s reported 477 employees, and received an average PPP loan of $368,210, 94% lower than this company's loan of $5.82M.

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.

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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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** This Document Provided By - The Civil Employee's Resource **