PPP Loan Data — Superior Cam, Inc, Grass Lake, MI
Superior Cam, Inc
Entity: Subchapter S Corporation
Location: Grass Lake, MITweet This • Search All PPP Data
Superior Cam, Inc is a subchapter s corporation located at 4111 Mount Hope Rd in Grass Lake, Michigan that received a Coronavirus-related PPP loan from the SBA of $4,659,400.00 in April, 2020.
$ PPP Loan Information Loan #5277237206
Loan Status:Ongoing Loan
Superior Cam, Inc in Grass Lake, MI received a Paycheck Protection Loan of $4.66M through Comerica Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Superior Cam, Inc's 2019 payroll expenses are estimated to be at least $22.37M.
Based on their reported 312 jobs retained, this equals an estimated average yearly compensation of $71,683 per employee1
Reported PPP Proceed Usage:
On the PPP application, Superior Cam, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,727,526
- Mortgage Interest: $931,874
Business Information - Superior Cam, Inc in Grass Lake, MI
4111 Mount Hope Rd
Grass Lake, MI 49240
Special Die and Tool, Die Set, Jig, and Fixture Manufacturing
NAICS code 333514
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Grass Lake
In the Grass Lake area, 3 businesses in the "Special Die and Tool, Die Set, Jig, and Fixture Manufacturing" industry received a PPP loan. These local businesses reported an average of 107 employees (compared to this company's 312) and received an average PPP loan of $1,598,367 (compared to this company's $4.66M).
Similar Nearby Businesses Who Received PPP Funding:
PDF MFG. Inc
Grass Lake, MI
PDF MFG., Inc
Grass Lake, MI
Industry PPP Comparison Statistics
Nationwide, 2,182 businesses in the "Special Die and Tool, Die Set, Jig, and Fixture Manufacturing" industry received a total of $591,435,924.00 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 21 employees, 93% lower than Superior Cam, Inc's reported 312 employees, and received an average PPP loan of $271,052, 94% lower than this company's loan of $4.66M.
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Footnotes & Information
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