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PPP Loan Data — WGS Global Services, L.C.,
Flint, MI
WGS Global Services, L.C.
Entity: Subchapter S Corporation
Industry: All Other Plastics Product Manufacturing
Location: Flint, MI
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WGS Global Services, L.C. is a subchapter s corporation located at 6350 Taylor Dr. in Flint, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,803,089.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
318Loan Approved:
2020-04-09Lender:
TCF NATIONAL BANKWGS Global Services, L.C. received a Paycheck Protection Loan of $2.8M through TCF NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, WGS Global Services, L.C.'s total 2019 payroll expenses were approximately $13.45M in order to qualify for the PPP loan amount received.
Based on their reported 318 jobs retained, this equals an estimated average yearly compensation of $42,311 per employee1.
Business Information - WGS Global Services, L.C. in Flint, MI
6350 Taylor Dr.
Flint, MI 48507
Business Industry
All Other Plastics Product Manufacturing (NAICS code 326199)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MI-05Similar Companies near Flint
In the Flint area, 2 businesses in the "All Other Plastics Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 208 employees (compared to this company's 318) and received an average PPP loan of $1,806,620 (compared to this company's $2.8M).
Similar Nearby Businesses Who Received PPP Funding:
ACI Plastics, Inc.
Flint, MI
Industry PPP Comparison Statistics
Nationwide, 3,247 businesses in the "All Other Plastics Product Manufacturing" industry received a total of $1,252,980,223.00 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 33 employees, 90% lower than WGS Global Services, L.C.'s reported 318 employees, and received an average PPP loan of $385,889, 86% lower than this company's loan of $2.8M.
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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