PPP Loan Data — Root & Tmr Inc, Flint, MI
Root & Tmr Inc
Location: Flint, MITweet This • Search All PPP Data
Root & Tmr Inc is a corporation located at 3040 Airpark Dr in Flint, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,125,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 102 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The State Bank
Root & Tmr Inc in Flint, MI received a Paycheck Protection Loan of $2.13M through The State 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, Root & Tmr Inc's 2019 payroll expenses are estimated to be at least $10.2M (not accounting for salary amounts > $100k).
Based on their reported 102 jobs retained, this equals an estimated average yearly compensation of $100,000 (not accounting for salary amounts > $100k) per employee1
Reported PPP Proceed Usage:
On the PPP application, Root & Tmr Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,125,000
Business Information - Root & Tmr Inc in Flint, MI
3040 Airpark Dr
Flint, MI 48507
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Flint
In the Flint area, 10 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 102) and received an average PPP loan of $471,711 (compared to this company's $2.13M).
Similar Nearby Businesses Who Received PPP Funding:
American Metal Roofs, Inc
RL White Construction Inc
Siwek Construction Company
Morgan Construction Company, Inc
J. Perez Construction, Inc
Sorensen Gross Construction Company
B.g. White Construction Company Inc
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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 12 employees, 88% lower than Root & Tmr Inc's reported 102 employees, and received an average PPP loan of $157,325, 93% lower than this company's loan of $2.13M.
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