PPP Loan Data — The Carswell Group, Inc, Fenton, MI
The Carswell Group, Inc is a subchapter s corporation located at 14381 North Rd in Fenton, Michigan that received a Coronavirus-related PPP loan from the SBA of $4,265,700.00 in April, 2020.
$ PPP Loan Information
The Carswell Group, Inc received a Paycheck Protection Loan of $4.27M through COMERICA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Carswell Group, Inc's total 2019 payroll expenses were approximately $20.48M in order to qualify for the PPP loan amount received.
Based on their reported 476 jobs retained, this equals an estimated average yearly compensation of $43,015 per employee1.
Business Information - The Carswell Group, Inc in Fenton, MI
14381 North Rd
Fenton, MI 48430
Residential Property Managers (NAICS code 531311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-05
Similar Companies near Fenton
In the Fenton area, 3 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 163 employees (compared to this company's 476) and received an average PPP loan of $1,432,090 (compared to this company's $4.27M).
Similar Nearby Businesses Who Received PPP Funding:
Cool-Hand Property Development LLC
Rapid Rescue LLC
Industry PPP Comparison Statistics
Nationwide, 20,591 businesses in the "Residential Property Managers" industry received a total of $2,358,014,158.00 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 10 employees, 98% lower than The Carswell Group, Inc's reported 476 employees, and received an average PPP loan of $114,517, 97% lower than this company's loan of $4.27M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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