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PPP Loan Data — Shively Brothers Inc,
Flint, 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:
Jobs Retained:
250Loan Approved:
2020-04-05Lender:
PNC BANK, NATIONAL ASSOCIATIONShively 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
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-05Similar 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
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.
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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