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PPP Loan Data — Landscape Forms, Inc., Kalamazoo, MI

SBA PPP loan data, payroll data, and salaries for Landscape Forms, Inc.
MI

Landscape Forms, Inc.

Entity: Subchapter S Corporation

Industry: Institutional Furniture Manufacturing

Location: Kalamazoo, MI

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Landscape Forms, Inc. is a subchapter s corporation located at 7800 E Michigan Ave in Kalamazoo, Michigan that received a Coronavirus-related PPP loan from the SBA of $6,785,087.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.79M

Jobs Retained:

434

Loan Approved:

2020-04-15

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Landscape Forms, Inc. in Kalamazoo, MI received a Paycheck Protection Loan of $6.79M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Landscape Forms, Inc.'s total 2019 payroll expenses were approximately $32.57M in order to qualify for the PPP loan amount received.

Based on their reported 434 jobs retained, this equals an estimated average yearly compensation of $75,042 per employee1.

Because the loan received by Landscape Forms, 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 - Landscape Forms, Inc. in Kalamazoo, MI

Landscape Forms, Inc.
7800 E Michigan Ave
Kalamazoo, MI 49048

Business Industry

Institutional Furniture Manufacturing (NAICS code 337127)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-06

Similar Companies near Kalamazoo

In the Kalamazoo area, 2 businesses in the "Institutional Furniture Manufacturing" industry received a PPP loan. These local businesses reported an average of 290 employees (compared to this company's 434) and received an average PPP loan of $4,302,162 (compared to this company's $6.79M).

Similar Nearby Businesses Who Received PPP Funding:

Interkal, LLC
Kalamazoo, MI

$1.82M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 644 businesses in the "Institutional Furniture Manufacturing" industry received a total of $209,697,149.00 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 26 employees, 94% lower than Landscape Forms, Inc.'s reported 434 employees, and received an average PPP loan of $325,617, 95% lower than this company's loan of $6.79M.

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/landscape-forms-inc-kalamazoo-mi