PPP Loan Data — Shively Brothers Inc, Flint, MI
Shively Brothers Inc
Entity: Employee Stock Ownership Plan (esop)
Location: Flint, MITweet This • Search All PPP Data
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
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.
Business Information - Shively Brothers Inc in Flint, MI
2919 S.grand Traverse St
Flint, MI 48507
Industrial Machinery and Equipment Merchant Wholesalers (NAICS code 423830)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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.
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