PPP Loan Data — Gardner-White Furniture Co., Inc., Auburn Hills, MI
Gardner-White Furniture Co., Inc. is a subchapter s corporation located at 4445 N Atlantic Blvd in Auburn Hills, Michigan that received a Coronavirus-related PPP loan from the SBA of $5,351,805.00 in April, 2020.
$ PPP Loan Information
Lender:TCF NATIONAL BANK
Gardner-White Furniture Co., Inc. in Auburn Hills, MI received a Paycheck Protection Loan of $5.35M through TCF NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Gardner-White Furniture Co., Inc.'s total 2019 payroll expenses were approximately $25.69M in order to qualify for the PPP loan amount received.
Based on their reported 495 jobs retained, this equals an estimated average yearly compensation of $51,896 per employee1.
Business Information - Gardner-White Furniture Co., Inc. in Auburn Hills, MI
4445 N Atlantic Blvd
Auburn Hills, MI 48326
Furniture Stores (NAICS code 442110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-11
Similar Companies near Auburn Hills
In the Auburn Hills area, 2 businesses in the "Furniture Stores" industry received a PPP loan. These local businesses reported an average of 254 employees (compared to this company's 495) and received an average PPP loan of $2,724,011 (compared to this company's $5.35M).
Similar Nearby Businesses Who Received PPP Funding:
Haley Stone Supply Inc
Auburn Hills, MI
Industry PPP Comparison Statistics
Nationwide, 10,527 businesses in the "Furniture Stores" industry received a total of $1,068,363,849.00 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 10 employees, 98% lower than Gardner-White Furniture Co., Inc.'s reported 495 employees, and received an average PPP loan of $101,488, 98% lower than this company's loan of $5.35M.
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Footnotes & Information
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