FederalPay.org
PPP Loan Data — Malace & Associates,
Troy, MI
Malace & Associates
Entity: Subchapter S Corporation
Industry: Temporary Help Services
Location: Troy, MI
Tweet This
•
Search All PPP Data
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
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-09Lender:
METABANK, NATIONAL ASSOCIATIONMalace & 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
Business Industry
Temporary Help Services (NAICS code 561320)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MI-11Industry 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.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!