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PPP Loan Data — Rowe Professional Services Company,
Flint, MI
Rowe Professional Services Company
Entity: Corporation
Industry: Other Heavy and Civil Engineering Construction
Location: Flint, MI
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Rowe Professional Services Company is a corporation located at 540 S Saginaw St Ste 200 in Flint, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,000,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 161 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
161Loan Approved:
2020-04-10Lender:
THE HUNTINGTON NATIONAL BANKRowe Professional Services Company received a Paycheck Protection Loan of $3M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Rowe Professional Services Company's total 2019 payroll expenses were approximately $14.4M in order to qualify for the PPP loan amount received.
Based on their reported 161 jobs retained, this equals an estimated average yearly compensation of $89,441 per employee1.
Business Information - Rowe Professional Services Company in Flint, MI
540 S Saginaw St Ste 200
Flint, MI 48502
Business Industry
Other Heavy and Civil Engineering Construction (NAICS code 237990)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: MI-05Industry PPP Comparison Statistics
Nationwide, 5,686 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $1,754,404,434.00 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, 88% lower than Rowe Professional Services Company's reported 161 employees, and received an average PPP loan of $308,548, 90% lower than this company's loan of $3M.
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.
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.
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