PPP Loan Data — Midwest Freight Systems Corp, Warren, MI
Midwest Freight Systems Corp
Location: Warren, MITweet This • Search All PPP Data
Midwest Freight Systems Corp is a corporation located at 21900 Hoover Road in Warren, Michigan that received a Coronavirus-related PPP loan from the SBA of $4,547,300.00 in April, 2020.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Midwest Freight Systems Corp received a Paycheck Protection Loan of $4.55M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Midwest Freight Systems Corp's total 2019 payroll expenses were approximately $21.83M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $87,308 per employee1.
Business Information - Midwest Freight Systems Corp in Warren, MI
21900 Hoover Road
Warren, MI 48089
Process, Physical Distribution, and Logistics Consulting Services (NAICS code 541614)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-09
Similar Companies near Warren
In the Warren area, 4 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a PPP loan. These local businesses reported an average of 83 employees (compared to this company's 250) and received an average PPP loan of $1,334,265 (compared to this company's $4.55M).
Similar Nearby Businesses Who Received PPP Funding:
Logistic One LTD
Recycling Solutions, LLC
Industry PPP Comparison Statistics
Nationwide, 4,460 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a total of $676,111,064.00 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 12 employees, 95% lower than Midwest Freight Systems Corp's reported 250 employees, and received an average PPP loan of $151,594, 97% lower than this company's loan of $4.55M.
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Footnotes & Information
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