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PPP Loan Data — Shively Brothers Inc, Flint, MI

SBA PPP loan data, payroll data, and salaries for Shively Brothers Inc
MI

Shively Brothers Inc

Entity: Employee Stock Ownership Plan (esop)

Industry: Industrial Machinery and Equipment Merchant Wholesalers

Location: Flint, MI

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Shively Brothers Inc is an employee stock ownership plan (esop) located at 2919 S.grand Traverse St in Flint, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,250,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.25M

Jobs Retained:

250

Loan Approved:

2020-04-05

Lender:

PNC BANK, NATIONAL ASSOCIATION

Shively Brothers Inc in Flint, MI received a Paycheck Protection Loan of $3.25M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Shively Brothers Inc's total 2019 payroll expenses were approximately $15.6M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $62,400 per employee1.

Because the loan received by Shively Brothers Inc 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 - Shively Brothers Inc in Flint, MI

Shively Brothers Inc
2919 S.grand Traverse St
Flint, MI 48507

Business Industry

Industrial Machinery and Equipment Merchant Wholesalers (NAICS code 423830)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-05

Similar Companies near Flint

In the Flint area, 2 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 158 employees (compared to this company's 250) and received an average PPP loan of $2,238,605 (compared to this company's $3.25M).

Similar Nearby Businesses Who Received PPP Funding:

Shaltz Fluid Power, Inc.
Flint, MI

$1.23M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 7,320 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a total of $1,713,685,837.00 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 15 employees, 94% lower than Shively Brothers Inc's reported 250 employees, and received an average PPP loan of $234,110, 93% lower than this company's loan of $3.25M.

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/shively-brothers-inc-flint-mi