PPP Loan Data — Midwest Pro Painting, Inc., Livonia, MI
Midwest Pro Painting, Inc. is a subchapter s corporation located at 12845 Farmington Road in Livonia, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,488,192.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Midwest Pro Painting, Inc. received a Paycheck Protection Loan of $2.49M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Midwest Pro Painting, Inc.'s total 2019 payroll expenses were approximately $11.94M in order to qualify for the PPP loan amount received.
Based on their reported 198 jobs retained, this equals an estimated average yearly compensation of $60,320 per employee1.
Business Information - Midwest Pro Painting, Inc. in Livonia, MI
12845 Farmington Road
Livonia, MI 48150
Painting and Wall Covering Contractors (NAICS code 238320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-11
Similar Companies near Livonia
In the Livonia area, 7 businesses in the "Painting and Wall Covering Contractors" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 198) and received an average PPP loan of $557,087 (compared to this company's $2.49M).
Similar Nearby Businesses Who Received PPP Funding:
Mastercraft Coatings Inc
Eco Painting, LLC
Seaway Painting LLC
Future Maintenance, Inc.
Macfarland Painting, Inc.
Color Concepts Painting Inc
Industry PPP Comparison Statistics
Nationwide, 19,970 businesses in the "Painting and Wall Covering Contractors" industry received a total of $1,410,716,974.00 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 6 employees, 97% lower than Midwest Pro Painting, Inc.'s reported 198 employees, and received an average PPP loan of $70,642, 97% lower than this company's loan of $2.49M.
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