PPP Loan Data — Malace & Associates, Troy, MI
Malace & Associates is a subchapter s corporation located at 5700 Crooks Road in Troy, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,605,120.00 in April, 2020.
$ PPP Loan Information
Lender:METABANK, NATIONAL ASSOCIATION
Malace & Associates in Troy, MI received a Paycheck Protection Loan of $3.61M through METABANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Malace & Associates' total 2019 payroll expenses were approximately $17.3M 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 $34,609 per employee1.
Business Information - Malace & Associates in Troy, MI
5700 Crooks Road
Troy, MI 48098
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-11
Industry PPP Comparison Statistics
Nationwide, 4,404 businesses in the "Temporary Help Services" industry received a total of $2,681,304,257.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 61 employees, 88% lower than Malace & Associates' reported 500 employees, and received an average PPP loan of $608,834, 83% lower than this company's loan of $3.61M.
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Footnotes & Information
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