PPP Loan Data — TGW Systems, Inc, Norton Shores, MI
TGW Systems, Inc is a corporation located at 1300 E Mount Garfield Rd in Norton Shores, Michigan that received a Coronavirus-related PPP loan from the SBA of $6,555,537.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
TGW Systems, Inc received a Paycheck Protection Loan of $6.56M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, TGW Systems, Inc's total 2019 payroll expenses were approximately $31.47M in order to qualify for the PPP loan amount received.
Based on their reported 405 jobs retained, this equals an estimated average yearly compensation of $77,695 per employee1.
Business Information - TGW Systems, Inc in Norton Shores, MI
1300 E Mount Garfield Rd
Norton Shores, MI 49441
Conveyor and Conveying Equipment Manufacturing (NAICS code 333922)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-02
Similar Companies near Norton Shores
In the Norton Shores area, 2 businesses in the "Conveyor and Conveying Equipment Manufacturing" industry received a PPP loan. These local businesses reported an average of 216 employees (compared to this company's 405) and received an average PPP loan of $3,482,346 (compared to this company's $6.56M).
Similar Nearby Businesses Who Received PPP Funding:
Dynamic Conveyor Corporation
Norton Shores, MI
Industry PPP Comparison Statistics
Nationwide, 409 businesses in the "Conveyor and Conveying Equipment Manufacturing" industry received a total of $209,433,358.00 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, 93% lower than TGW Systems, Inc's reported 405 employees, and received an average PPP loan of $512,062, 92% lower than this company's loan of $6.56M.
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Footnotes & Information
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