PPP Loan Data — SMW Mfs, Inc., Taylor, MI
SMW Mfs, Inc. is a subchapter s corporation located at 25575 Brest Rd in Taylor, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,607,600.00 in April, 2020.
$ PPP Loan Information
SMW Mfs, Inc. in Taylor, MI received a Paycheck Protection Loan of $3.61M through COMERICA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, SMW Mfs, Inc.'s total 2019 payroll expenses were approximately $17.32M in order to qualify for the PPP loan amount received.
Based on their reported 193 jobs retained, this equals an estimated average yearly compensation of $89,723 per employee1.
Business Information - SMW Mfs, Inc. in Taylor, MI
25575 Brest Rd
Taylor, MI 48180
Machine Shops (NAICS code 332710)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-12
Similar Companies near Taylor
In the Taylor area, 9 businesses in the "Machine Shops" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 193) and received an average PPP loan of $457,565 (compared to this company's $3.61M).
Similar Nearby Businesses Who Received PPP Funding:
CUT-All Water Jet CUTting Inc.
Jamison Industries Inc
Revak Precision Grinding
Fastime Racing Engines & Parts
J & B Precision Inc
G & R Machine Tool Inc
Colonial Tool Sales & Service LLC
Industry PPP Comparison Statistics
Nationwide, 9,651 businesses in the "Machine Shops" industry received a total of $1,842,411,346.00 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 14 employees, 93% lower than SMW Mfs, Inc.'s reported 193 employees, and received an average PPP loan of $190,904, 95% lower than this company's loan of $3.61M.
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Footnotes & Information
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