PPP Loan Data — LGC Global, Inc., Detroit, MI
LGC Global, Inc. is a subchapter s corporation located at 7310 Woodward Ave in Detroit, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,601,825.00 in April, 2020.
$ PPP Loan Information
LGC Global, Inc. received a Paycheck Protection Loan of $2.6M through INDEPENDENT BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, LGC Global, Inc.'s total 2019 payroll expenses were approximately $12.49M in order to qualify for the PPP loan amount received.
Based on their reported 140 jobs retained, this equals an estimated average yearly compensation of $89,205 per employee1.
Business Information - LGC Global, Inc. in Detroit, MI
7310 Woodward Ave
Detroit, MI 48202
All Other Specialty Trade Contractors (NAICS code 238990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-13
Similar Companies near Detroit
In the Detroit area, 3 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 140) and received an average PPP loan of $962,623 (compared to this company's $2.6M).
Similar Nearby Businesses Who Received PPP Funding:
A&K Equipment LLC
Highland Park, MI
Fire Equipment Company
Highland Park, MI
Industry PPP Comparison Statistics
Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 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 9 employees, 94% lower than LGC Global, Inc.'s reported 140 employees, and received an average PPP loan of $113,959, 96% lower than this company's loan of $2.6M.
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Footnotes & Information
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