PPP Loan Data — Mersino Dewatering Inc, Davison, MI
Mersino Dewatering Inc is a corporation located at 10162 E Coldwater Rd in Davison, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,366,465.00 in April, 2020.
$ PPP Loan Information
Lender:THE STATE BANK
Mersino Dewatering Inc in Davison, MI received a Paycheck Protection Loan of $3.37M through THE STATE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mersino Dewatering Inc's total 2019 payroll expenses were approximately $16.16M in order to qualify for the PPP loan amount received.
Based on their reported 208 jobs retained, this equals an estimated average yearly compensation of $77,688 per employee1.
Business Information - Mersino Dewatering Inc in Davison, MI
10162 E Coldwater Rd
Davison, MI 48423
General Automotive Repair (NAICS code 811111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-05
Similar Companies near Davison
In the Davison area, 10 businesses in the "General Automotive Repair" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 208) and received an average PPP loan of $360,559 (compared to this company's $3.37M).
Similar Nearby Businesses Who Received PPP Funding:
Finish Line Auto & Tire Service, Inc.
Sedo Automotive, LLC
Kautz Dent Repair
Swank Automotive LLC
Franzel Auto Truck & Equipment Repair, Inc.
Security Auto Glass, LLC
SAL's Auto Repair, LLC
Industry PPP Comparison Statistics
Nationwide, 53,447 businesses in the "General Automotive Repair" industry received a total of $2,671,701,258.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 98% lower than Mersino Dewatering Inc's reported 208 employees, and received an average PPP loan of $49,988, 99% lower than this company's loan of $3.37M.
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