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PPP Loan Data — R.W. Mercer Co.,
Jackson, MI
R.W. Mercer Co.
Entity: Corporation
Industry: Industrial Building Construction
Location: Jackson, MI
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R.W. Mercer Co. is a corporation located at 2322 Brooklyn Road in Jackson, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,642,095.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
187Loan Approved:
2020-04-09Lender:
COUNTY NATIONAL BANKR.W. Mercer Co. in Jackson, MI received a Paycheck Protection Loan of $2.64M through COUNTY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, R.W. Mercer Co.'s total 2019 payroll expenses were approximately $12.68M in order to qualify for the PPP loan amount received.
Based on their reported 187 jobs retained, this equals an estimated average yearly compensation of $67,818 per employee1.
Business Information - R.W. Mercer Co. in Jackson, MI
2322 Brooklyn Road
Jackson, MI 49203
Business Industry
Industrial Building Construction (NAICS code 236210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MI-07Similar Companies near Jackson
In the Jackson area, 2 businesses in the "Industrial Building Construction" industry received a PPP loan. These local businesses reported an average of 96 employees (compared to this company's 187) and received an average PPP loan of $1,356,011 (compared to this company's $2.64M).
Similar Nearby Businesses Who Received PPP Funding:
Swansteel Corp
Jackson, MI
Industry PPP Comparison Statistics
Nationwide, 7,553 businesses in the "Industrial Building Construction" industry received a total of $1,532,091,139.00 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 13 employees, 93% lower than R.W. Mercer Co.'s reported 187 employees, and received an average PPP loan of $202,845, 92% lower than this company's loan of $2.64M.
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, 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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