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PPP Loan Data — Metal Flow Corporation, Holland, MI

SBA PPP loan data, payroll data, and salaries for Metal Flow Corporation
MI

Metal Flow Corporation

Entity: Subchapter S Corporation

Industry: Powder Metallurgy Part Manufacturing

Location: Holland, MI

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Metal Flow Corporation is a subchapter s corporation located at 11694 James St in Holland, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,733,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.73M

Jobs Retained:

289

Loan Approved:

2020-04-06

Lender:

COMERICA BANK

Metal Flow Corporation received a Paycheck Protection Loan of $3.73M through COMERICA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Metal Flow Corporation's total 2019 payroll expenses were approximately $17.92M in order to qualify for the PPP loan amount received.

Based on their reported 289 jobs retained, this equals an estimated average yearly compensation of $62,011 per employee1.

Because the loan received by Metal Flow Corporation 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 - Metal Flow Corporation in Holland, MI

Metal Flow Corporation
11694 James St
Holland, MI 49424

Business Industry

Powder Metallurgy Part Manufacturing (NAICS code 332117)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-02

Similar Companies near Holland

In the Holland area, 2 businesses in the "Powder Metallurgy Part Manufacturing" industry received a PPP loan. These local businesses reported an average of 164 employees (compared to this company's 289) and received an average PPP loan of $1,988,800 (compared to this company's $3.73M).

Similar Nearby Businesses Who Received PPP Funding:

New 11, Inc.
Holland, MI

$244,000 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 152 businesses in the "Powder Metallurgy Part Manufacturing" industry received a total of $80,841,045.00 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 45 employees, 84% lower than Metal Flow Corporation's reported 289 employees, and received an average PPP loan of $531,849, 86% lower than this company's loan of $3.73M.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/metal-flow-corporation-holland-mi