PPP Loan Data — The Mcalear Group, Inc, Maumee, OH
The Mcalear Group, Inc is a corporation located at 1703 Toll Gate Dr in Maumee, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,931,753.00 in April, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
The Mcalear Group, Inc in Maumee, OH received a Paycheck Protection Loan of $2.93M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Mcalear Group, Inc's total 2019 payroll expenses were approximately $14.07M in order to qualify for the PPP loan amount received.
Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $68,646 per employee1.
Business Information - The Mcalear Group, Inc in Maumee, OH
1703 Toll Gate Dr
Maumee, OH 43537
Spring Manufacturing (NAICS code 332613)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-05
Similar Companies near Maumee
In the Maumee area, 2 businesses in the "Spring Manufacturing" industry received a PPP loan. These local businesses reported an average of 114 employees (compared to this company's 205) and received an average PPP loan of $1,612,726 (compared to this company's $2.93M).
Similar Nearby Businesses Who Received PPP Funding:
Service Spring West, Inc.
Industry PPP Comparison Statistics
Nationwide, 198 businesses in the "Spring Manufacturing" industry received a total of $96,911,372.00 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 34 employees, 83% lower than The Mcalear Group, Inc's reported 205 employees, and received an average PPP loan of $489,451, 83% lower than this company's loan of $2.93M.
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Footnotes & Information
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