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PPP Loan Data — Grandville Printing Co, Grandville, MI

SBA PPP loan data, payroll data, and salaries for Grandville Printing Co
MI

Grandville Printing Co

Entity: Corporation

Industry: Commercial Printing (except Screen and Books)

Location: Grandville, MI

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Grandville Printing Co is a corporation located at 4719 Ivanrest Ave in Grandville, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,580,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.58M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-10

Lender:

MACATAWA BANK

Grandville Printing Co in Grandville, MI received a Paycheck Protection Loan of $2.58M through MACATAWA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Grandville Printing Co's total 2019 payroll expenses were approximately $12.39M in order to qualify for the PPP loan amount received.

Unlike most businesses, Grandville Printing Co'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 Grandville Printing Co 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 - Grandville Printing Co in Grandville, MI

Grandville Printing Co
4719 Ivanrest Ave
Grandville, MI 49418

Business Industry

Commercial Printing (except Screen and Books) (NAICS code 323111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-02

Similar Companies near Grandville

In the Grandville area, 6 businesses in the "Commercial Printing (except Screen and Books)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 0) and received an average PPP loan of $500,189 (compared to this company's $2.58M).

Industry PPP Comparison Statistics

Nationwide, 13,022 businesses in the "Commercial Printing (except Screen and Books)" industry received a total of $1,940,592,408.00 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 12 employees, and received an average PPP loan of $149,024, 94% lower than this company's loan of $2.58M.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/grandville-printing-co-grandville-mi