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PPP Loan Data — Consumers Concrete Corporation, Kalamazoo, MI

SBA PPP loan data, payroll data, and salaries for Consumers Concrete Corporation
MI

Consumers Concrete Corporation

Entity: Subchapter S Corporation

Industry: Ready-Mix Concrete Manufacturing

Location: Kalamazoo, MI

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Consumers Concrete Corporation is a subchapter s corporation located at 3506 Lovers Lane in Kalamazoo, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,052,272.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.05M

Jobs Retained:

214

Loan Approved:

2020-04-07

Lender:

MERCANTILE BANK OF MICHIGAN

Consumers Concrete Corporation received a Paycheck Protection Loan of $3.05M through MERCANTILE BANK OF MICHIGAN, which was approved in April, 2020.

Based on standard PPP eligibility rules, Consumers Concrete Corporation's total 2019 payroll expenses were approximately $14.65M in order to qualify for the PPP loan amount received.

Based on their reported 214 jobs retained, this equals an estimated average yearly compensation of $68,462 per employee1.

Because the loan received by Consumers Concrete Corporation 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 - Consumers Concrete Corporation in Kalamazoo, MI

Consumers Concrete Corporation
3506 Lovers Lane
Kalamazoo, MI 49001

Business Industry

Ready-Mix Concrete Manufacturing (NAICS code 327320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-06

Similar Companies near Kalamazoo

In the Kalamazoo area, 2 businesses in the "Ready-Mix Concrete Manufacturing" industry received a PPP loan. These local businesses reported an average of 122 employees (compared to this company's 214) and received an average PPP loan of $1,788,146 (compared to this company's $3.05M).

Similar Nearby Businesses Who Received PPP Funding:

Peterman Mobile Concrete, Inc.
Portage, MI

$524,020 PPP Loan

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, 88% lower than Consumers Concrete Corporation's reported 214 employees, and received an average PPP loan of $368,210, 88% lower than this company's loan of $3.05M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/consumers-concrete-corporation-kalamazoo-mi