PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — MCM Staffing Hospitality, LLC, Madison Heights, MI

SBA PPP loan data, payroll data, and salaries for MCM Staffing Hospitality, LLC
MI

MCM Staffing Hospitality, LLC

Entity: Limited Liability Company (LLC)

Industry: Temporary Help Services

Location: Madison Heights, MI

Search All PPP Data

MCM Staffing Hospitality, LLC is a limited liability company (LLC) located at 415 W 11 Mile Rd in Madison Heights, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,425,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.43M

Jobs Retained:

387

Loan Approved:

2020-04-28

Lender:

COMERICA BANK

MCM Staffing Hospitality, LLC received a Paycheck Protection Loan of $2.43M through COMERICA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, MCM Staffing Hospitality, LLC's total 2019 payroll expenses were approximately $11.64M in order to qualify for the PPP loan amount received.

Based on their reported 387 jobs retained, this equals an estimated average yearly compensation of $30,079 per employee1.

Because the loan received by MCM Staffing Hospitality, LLC 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 - MCM Staffing Hospitality, LLC in Madison Heights, MI

MCM Staffing Hospitality, LLC
415 W 11 Mile Rd
Madison Heights, MI 48071

Business Industry

Temporary Help Services (NAICS code 561320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-09

Similar Companies near Madison Heights

In the Madison Heights area, 2 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 411 employees (compared to this company's 387) and received an average PPP loan of $1,612,550 (compared to this company's $2.43M).

Similar Nearby Businesses Who Received PPP Funding:

Assisted Care, Inc,
Madison Heights, MI

$800,000 PPP Loan

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, 84% lower than MCM Staffing Hospitality, LLC's reported 387 employees, and received an average PPP loan of $608,834, 75% lower than this company's loan of $2.43M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/mcm-staffing-hospitality-llc-madison-heights-mi