PPP Loan Data — Star Of The West Milling Co, Frankenmuth, MI
Star Of The West Milling Co is a sole proprietorship located at 121 E Tuscola St in Frankenmuth, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,538,300.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:PNC BANK, NATIONAL ASSOCIATION
Star Of The West Milling Co in Frankenmuth, MI received a Paycheck Protection Loan of $3.54M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Star Of The West Milling Co's total 2019 payroll expenses were approximately $16.98M in order to qualify for the PPP loan amount received.
Unlike most businesses, Star Of The West Milling Co's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Star Of The West Milling Co in Frankenmuth, MI
121 E Tuscola St
Frankenmuth, MI 48734
Flour Milling (NAICS code 311211)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-04
Similar Companies near Frankenmuth
In the Frankenmuth area, 2 businesses in the "Flour Milling" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 0) and received an average PPP loan of $1,938,700 (compared to this company's $3.54M).
Similar Nearby Businesses Who Received PPP Funding:
Star Of The West Milling Co Of Ohio
Industry PPP Comparison Statistics
Nationwide, 118 businesses in the "Flour Milling" industry received a total of $61,778,637.00 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 30 employees, and received an average PPP loan of $523,548, 85% lower than this company's loan of $3.54M.
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Footnotes & Information
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