PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Nikolic Industries, Inc., Sterling Heights, MI

SBA PPP loan data, payroll data, and salaries for Nikolic Industries, Inc.
MI

Nikolic Industries, Inc.

Entity: Corporation

Industry: Other Metal Container Manufacturing

Location: Sterling Heights, MI

Search All PPP Data

Nikolic Industries, Inc. is a corporation located at 43252 Merrill Rd in Sterling Heights, Michigan that received a Coronavirus-related PPP loan from the SBA of $389,500.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 21 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$389,500

Jobs Retained:

21

Loan Approved:

2020-04-27

Lender:

INDEPENDENT BANK

Nikolic Industries, Inc. received a Paycheck Protection Loan of $389,500 through INDEPENDENT BANK, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Nikolic Industries, Inc.'s total 2019 payroll expenses were approximately $1.87M in order to qualify for the PPP loan amount received.

Based on their reported 21 jobs retained, this equals an estimated average yearly compensation of $89,029 per employee1.

Business Information - Nikolic Industries, Inc. in Sterling Heights, MI

Nikolic Industries, Inc.
43252 Merrill Rd
Sterling Heights, MI 48314

Business Industry

Other Metal Container Manufacturing (NAICS code 332439)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: MI-10

Similar Companies near Sterling Heights

In the Sterling Heights area, 2 businesses in the "Other Metal Container Manufacturing" industry received a PPP loan. These local businesses reported an average of 89 employees (compared to this company's 21) and received an average PPP loan of $1,462,100 (compared to this company's $389,500).

Similar Nearby Businesses Who Received PPP Funding:

Ultimate Hydroforming, Inc.
Sterling Heights, MI

$2.53M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 325 businesses in the "Other Metal Container Manufacturing" industry received a total of $98,190,848.00 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 26 employees, 24% higher than Nikolic Industries, Inc.'s reported 21 employees, and received an average PPP loan of $302,126, 22% lower than this company's loan of $389,500.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/nikolic-industries-inc-sterling-heights-mi