PPP Loan Data — KMG Prestige, Inc., Mount Pleasant, MI
KMG Prestige, Inc.
Location: Mount Pleasant, MITweet This • Search All PPP Data
KMG Prestige, Inc. is a corporation located at 102 S. Main Street in Mount Pleasant, Michigan that received a Coronavirus-related PPP loan from the SBA of $7,845,514.00 in April, 2020.
$ PPP Loan Information
Lender:MERCANTILE BANK OF MICHIGAN
KMG Prestige, Inc. received a Paycheck Protection Loan of $7.85M through MERCANTILE BANK OF MICHIGAN, which was approved in April, 2020.
Based on standard PPP eligibility rules, KMG Prestige, Inc.'s total 2019 payroll expenses were approximately $37.66M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $75,317 per employee1.
Business Information - KMG Prestige, Inc. in Mount Pleasant, MI
102 S. Main Street
Mount Pleasant, MI 48858
Administrative Management and General Management Consulting Services (NAICS code 541611)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-04
Similar Companies near Mount Pleasant
In the Mount Pleasant area, 2 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 253 employees (compared to this company's 500) and received an average PPP loan of $3,989,252 (compared to this company's $7.85M).
Similar Nearby Businesses Who Received PPP Funding:
KMG Capital, Inc
Mount Pleasant, MI
Industry PPP Comparison Statistics
Nationwide, 42,814 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $3,692,368,152.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 99% lower than KMG Prestige, Inc.'s reported 500 employees, and received an average PPP loan of $86,242, 99% lower than this company's loan of $7.85M.
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