PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Kerkstra Precast, Inc., Grandville, MI

SBA PPP loan data, payroll data, and salaries for Kerkstra Precast, Inc.
MI

Kerkstra Precast, Inc.

Entity: Subchapter S Corporation

Industry: Other Concrete Product Manufacturing

Location: Grandville, MI

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Kerkstra Precast, Inc. is a subchapter s corporation located at 3373 Busch Dr. Sw in Grandville, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,290,479.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.29M

Jobs Retained:

358

Loan Approved:

2020-04-11

Lender:

TCF NATIONAL BANK

Kerkstra Precast, Inc. in Grandville, MI received a Paycheck Protection Loan of $3.29M through TCF NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Kerkstra Precast, Inc.'s total 2019 payroll expenses were approximately $15.79M in order to qualify for the PPP loan amount received.

Based on their reported 358 jobs retained, this equals an estimated average yearly compensation of $44,118 per employee1.

Because the loan received by Kerkstra Precast, 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 - Kerkstra Precast, Inc. in Grandville, MI

Kerkstra Precast, Inc.
3373 Busch Dr. Sw
Grandville, MI 49418

Business Industry

Other Concrete Product Manufacturing (NAICS code 327390)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-02

Industry PPP Comparison Statistics

Nationwide, 1,005 businesses in the "Other Concrete Product Manufacturing" industry received a total of $284,964,400.00 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 22 employees, 94% lower than Kerkstra Precast, Inc.'s reported 358 employees, and received an average PPP loan of $283,547, 91% lower than this company's loan of $3.29M.

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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Source: www.federalpay.org/paycheck-protection-program/kerkstra-precast-inc-grandville-mi