PPP Loan Data — Sheridan Books Inc, Chelsea, MI
Sheridan Books Inc is a subchapter s corporation located at 613 E Industrial Drive in Chelsea, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,204,643.00 in April, 2020.
$ PPP Loan Information
Lender:AMERICAN NATIONAL BANK OF MINNESOTA
Sheridan Books Inc received a Paycheck Protection Loan of $3.2M through AMERICAN NATIONAL BANK OF MINNESOTA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sheridan Books Inc's total 2019 payroll expenses were approximately $15.38M in order to qualify for the PPP loan amount received.
Based on their reported 381 jobs retained, this equals an estimated average yearly compensation of $40,373 per employee1.
Business Information - Sheridan Books Inc in Chelsea, MI
613 E Industrial Drive
Chelsea, MI 48118
Books Printing (NAICS code 323117)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-07
Industry PPP Comparison Statistics
Nationwide, 370 businesses in the "Books Printing" industry received a total of $68,861,942.00 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 17 employees, 96% lower than Sheridan Books Inc's reported 381 employees, and received an average PPP loan of $186,113, 94% lower than this company's loan of $3.2M.
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Footnotes & Information
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