PPP Loan Data — The Macomb Group, Inc., Sterling Heights, MI
The Macomb Group, Inc.
Location: Sterling Heights, MITweet This • Search All PPP Data
The Macomb Group, Inc. is a corporation located at 6600 15 Mile Rd in Sterling Heights, Michigan that received a Coronavirus-related PPP loan from the SBA of $8,297,200.00 in April, 2020.
$ PPP Loan Information
The Macomb Group, Inc. received a Paycheck Protection Loan of $8.3M through COMERICA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Macomb Group, Inc.'s total 2019 payroll expenses were approximately $39.83M in order to qualify for the PPP loan amount received.
Based on their reported 497 jobs retained, this equals an estimated average yearly compensation of $80,134 per employee1.
Business Information - The Macomb Group, Inc. in Sterling Heights, MI
6600 15 Mile Rd
Sterling Heights, MI 48312
Metal Service Centers and Other Metal Merchant Wholesalers (NAICS code 423510)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-09
Similar Companies near Sterling Heights
In the Sterling Heights area, 3 businesses in the "Metal Service Centers and Other Metal Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 167 employees (compared to this company's 497) and received an average PPP loan of $2,782,652 (compared to this company's $8.3M).
Similar Nearby Businesses Who Received PPP Funding:
Oakland Steel Inc
Sterling Heights, MI
F H Bourke Associates Inc
Sterling Heights, MI
Industry PPP Comparison Statistics
Nationwide, 2,691 businesses in the "Metal Service Centers and Other Metal Merchant Wholesalers" industry received a total of $697,432,843.00 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 18 employees, 96% lower than The Macomb Group, Inc.'s reported 497 employees, and received an average PPP loan of $259,172, 97% lower than this company's loan of $8.3M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!