PPP Loan Data — Lumbermen's Inc., Grand Rapids, MI
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Lumbermen's Inc. is a corporation located at 4433 Stafford Ave Sw in Grand Rapids, Michigan that received a Coronavirus-related PPP loan from the SBA of $5,070,000.00 in April, 2020.
$ PPP Loan Information
Lender:TCF NATIONAL BANK
Lumbermen's Inc. received a Paycheck Protection Loan of $5.07M through TCF NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lumbermen's Inc.'s total 2019 payroll expenses were approximately $24.34M in order to qualify for the PPP loan amount received.
Based on their reported 409 jobs retained, this equals an estimated average yearly compensation of $59,501 per employee1.
Business Information - Lumbermen's Inc. in Grand Rapids, MI
4433 Stafford Ave Sw
Grand Rapids, MI 49548
Roofing, Siding, and Insulation Material Merchant Wholesalers (NAICS code 423330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-02
Industry PPP Comparison Statistics
Nationwide, 828 businesses in the "Roofing, Siding, and Insulation Material Merchant Wholesalers" industry received a total of $184,583,791.00 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 16 employees, 96% lower than Lumbermen's Inc.'s reported 409 employees, and received an average PPP loan of $222,927, 96% lower than this company's loan of $5.07M.
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Footnotes & Information
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