PPP Loan Data — Paragon Die & Engineering Co, Grand Rapids, MI
Paragon Die & Engineering Co
Location: Grand Rapids, MITweet This • Search All PPP Data
Paragon Die & Engineering Co is a corporation located at 5225 33rd St. Se in Grand Rapids, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,415,340.00 in April, 2020.
$ PPP Loan Information
Lender:TCF NATIONAL BANK
Paragon Die & Engineering Co in Grand Rapids, MI received a Paycheck Protection Loan of $3.42M through TCF NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Paragon Die & Engineering Co's total 2019 payroll expenses were approximately $16.39M in order to qualify for the PPP loan amount received.
Based on their reported 209 jobs retained, this equals an estimated average yearly compensation of $78,438 per employee1.
Business Information - Paragon Die & Engineering Co in Grand Rapids, MI
5225 33rd St. Se
Grand Rapids, MI 49512
Special Die and Tool, Die Set, Jig, and Fixture Manufacturing (NAICS code 333514)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-03
Similar Companies near Grand Rapids
In the Grand Rapids area, 2 businesses in the "Special Die and Tool, Die Set, Jig, and Fixture Manufacturing" industry received a PPP loan. These local businesses reported an average of 130 employees (compared to this company's 209) and received an average PPP loan of $2,117,670 (compared to this company's $3.42M).
Similar Nearby Businesses Who Received PPP Funding:
Hill Machinery Co.
Grand Rapids, MI
Industry PPP Comparison Statistics
Nationwide, 1,417 businesses in the "Special Die and Tool, Die Set, Jig, and Fixture Manufacturing" industry received a total of $407,746,564.00 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 19 employees, 91% lower than Paragon Die & Engineering Co's reported 209 employees, and received an average PPP loan of $287,753, 92% lower than this company's loan of $3.42M.
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Footnotes & Information
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