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PPP Loan Data — R.W. Mercer Co., Jackson, MI

SBA PPP loan data, payroll data, and salaries for R.W. Mercer Co.
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:

$2.64M

Jobs Retained:

187

Loan Approved:

2020-04-09

Lender:

COUNTY NATIONAL BANK

R.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.

Because the loan received by R.W. Mercer Co. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - R.W. Mercer Co. in Jackson, MI

R.W. Mercer Co.
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-07

Similar 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

$69,927 PPP Loan

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/rw-mercer-co-jackson-mi