PPP Loan Data — Kerkstra Precast, Inc., Grandville, MI
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
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.
Business Information - Kerkstra Precast, Inc. in Grandville, MI
3373 Busch Dr. Sw
Grandville, MI 49418
Other Concrete Product Manufacturing (NAICS code 327390)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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Footnotes & Information
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