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PPP Loan Data — Exhibit Works Inc, Farmington, MI

SBA PPP loan data, payroll data, and salaries for Exhibit Works Inc
MI

Exhibit Works Inc

Entity: Subchapter S Corporation

Industry: Convention and Trade Show Organizers

Location: Farmington, MI

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Exhibit Works Inc is a subchapter s corporation located at 27777 Inkster Road in Farmington, Michigan that received a Coronavirus-related PPP loan from the SBA of $6,176,100.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 335 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$6.18M

Jobs Retained:

335

Loan Approved:

2020-04-28

Lender:

COMERICA BANK

Exhibit Works Inc received a Paycheck Protection Loan of $6.18M through COMERICA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Exhibit Works Inc's total 2019 payroll expenses were approximately $29.65M in order to qualify for the PPP loan amount received.

Based on their reported 335 jobs retained, this equals an estimated average yearly compensation of $88,493 per employee1.

Because the loan received by Exhibit Works 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 - Exhibit Works Inc in Farmington, MI

Exhibit Works Inc
27777 Inkster Road
Farmington, MI 48334

Business Industry

Convention and Trade Show Organizers (NAICS code 561920)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: MI-14

Similar Companies near Farmington

In the Farmington area, 2 businesses in the "Convention and Trade Show Organizers" industry received a PPP loan. These local businesses reported an average of 257 employees (compared to this company's 335) and received an average PPP loan of $3,404,800 (compared to this company's $6.18M).

Similar Nearby Businesses Who Received PPP Funding:

Gail & Rice, Inc.
Farmington, MI

$633,500 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,296 businesses in the "Convention and Trade Show Organizers" industry received a total of $335,312,943.00 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 8 employees, 98% lower than Exhibit Works Inc's reported 335 employees, and received an average PPP loan of $101,733, 98% lower than this company's loan of $6.18M.

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/exhibit-works-inc-farmington-mi