PPP Loan Data — Metal Flow Corporation, Holland, MI
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
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.
Business Information - Metal Flow Corporation in Holland, MI
11694 James St
Holland, MI 49424
Powder Metallurgy Part Manufacturing (NAICS code 332117)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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.
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Footnotes & Information
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