PPP Loan Data — Skilled Manufacturing, Inc., Traverse City, MI
Skilled Manufacturing, Inc. is a corporation located at 3680 Cass Rd in Traverse City, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,676,176.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 217 people during the applicable loan loan period.
$ PPP Loan Information
Lender:TCF NATIONAL BANK
Skilled Manufacturing, Inc. received a Paycheck Protection Loan of $2.68M through TCF NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Skilled Manufacturing, Inc.'s total 2019 payroll expenses were approximately $12.85M in order to qualify for the PPP loan amount received.
Based on their reported 217 jobs retained, this equals an estimated average yearly compensation of $59,197 per employee1.
Business Information - Skilled Manufacturing, Inc. in Traverse City, MI
3680 Cass Rd
Traverse City, MI 49684
Commercial Photography (NAICS code 541922)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MI-01
Industry PPP Comparison Statistics
Nationwide, 4,589 businesses in the "Commercial Photography" industry received a total of $111,309,037.00 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 3 employees, 99% lower than Skilled Manufacturing, Inc.'s reported 217 employees, and received an average PPP loan of $24,256, 99% lower than this company's loan of $2.68M.
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Footnotes & Information
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