PPP Loan Data — Pamar Enterprises, Inc, New Haven, MI
Pamar Enterprises, Inc
Entity: Subchapter S Corporation
Location: New Haven, MITweet This • Search All PPP Data
Pamar Enterprises, Inc is a subchapter s corporation located at 58021 Gratiot Ave. in New Haven, Michigan that received a Coronavirus-related PPP loan from the SBA of $1,920,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Pamar Enterprises, Inc in New Haven, MI received a Paycheck Protection Loan of $1.92M through Comerica Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Pamar Enterprises, Inc's 2019 payroll expenses are estimated to be at least $9.22M.
Based on their reported 115 jobs retained, this equals an estimated average yearly compensation of $80,143 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pamar Enterprises, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,536,149
- Mortgage Interest: $383,951
Business Information - Pamar Enterprises, Inc in New Haven, MI
58021 Gratiot Ave.
New Haven, MI 48048
Water and Sewer Line and Related Structures Construction
NAICS code 237110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near New Haven
In the New Haven area, 2 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 115) and received an average PPP loan of $964,450 (compared to this company's $1.92M).
Similar Nearby Businesses Who Received PPP Funding:
East Coast Building Co., Inc
Industry PPP Comparison Statistics
Nationwide, 8,904 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a total of $1.93B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 17 employees, 85% lower than Pamar Enterprises, Inc's reported 115 employees, and received an average PPP loan of $216,804, 89% lower than this company's loan of $1.92M.
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Footnotes & Information
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