PPP Loan Data — Mcmichael Mills, Inc., Mayodan, NC
Mcmichael Mills, Inc. is a corporation located at 130 Shakey Rd. in Mayodan, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,726,100.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST-CITIZENS BANK & TRUST COMPANY
Mcmichael Mills, Inc. received a Paycheck Protection Loan of $2.73M through FIRST-CITIZENS BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mcmichael Mills, Inc.'s total 2019 payroll expenses were approximately $13.09M in order to qualify for the PPP loan amount received.
Based on their reported 292 jobs retained, this equals an estimated average yearly compensation of $44,813 per employee1.
Business Information - Mcmichael Mills, Inc. in Mayodan, NC
130 Shakey Rd.
Mayodan, NC 27027
Fiber, Yarn, and Thread Mills (NAICS code 313110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-06
Industry PPP Comparison Statistics
Nationwide, 277 businesses in the "Fiber, Yarn, and Thread Mills" industry received a total of $48,579,140.00 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 19 employees, 93% lower than Mcmichael Mills, Inc.'s reported 292 employees, and received an average PPP loan of $175,376, 94% lower than this company's loan of $2.73M.
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Footnotes & Information
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