PPP Loan Data — Whaley Steel Corporation, Mio, MI
Whaley Steel Corporation is a corporation located at 406 N Morenci Ave in Mio, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,619,400.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 220 people during the applicable loan loan period.
$ PPP Loan Information
Whaley Steel Corporation received a Paycheck Protection Loan of $2.62M through MBANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Whaley Steel Corporation's total 2019 payroll expenses were approximately $12.57M in order to qualify for the PPP loan amount received.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $57,151 per employee1.
Business Information - Whaley Steel Corporation in Mio, MI
406 N Morenci Ave
Mio, MI 48647
Industrial Building Construction (NAICS code 236210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional District: MI-01
Industry PPP Comparison Statistics
Nationwide, 7,553 businesses in the "Industrial Building Construction" industry received a total of $1,532,091,139.00 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 13 employees, 94% lower than Whaley Steel Corporation's reported 220 employees, and received an average PPP loan of $202,845, 92% lower than this company's loan of $2.62M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!