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PPP Loan Data — Pamar Enterprises, Inc, New Haven, MI

SBA PPP loan data, payroll data, and salaries for Pamar Enterprises, Inc

Pamar Enterprises, Inc

Entity: Subchapter S Corporation

Industry: Water and Sewer Line and Related Structures Construction

Location: New Haven, MI

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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 #5788897207

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Ongoing Loan


Comerica Bank

Pamar Enterprises, Inc in New Haven, MI received a Paycheck Protection Loan of $1.92M through Comerica Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

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Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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

Pamar Enterprises, Inc
58021 Gratiot Ave.
New Haven, MI 48048

Business Industry:
Water and Sewer Line and Related Structures Construction
NAICS code 237110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Macomb County, MI — SBA Office 0515 — Congressional District: MI-10

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
Chesterfield, MI

$8,800 PPP Loan

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.

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.

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Footnotes & Information

1. Estimations for informational purposes only. 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.

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** This Document Provided By - The Civil Employee's Resource **