PPP Loan Data — Wynalda Litho Inc, Belmont, MI
Wynalda Litho Inc is a subchapter s corporation located at 8221 Graphic Dr in Belmont, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,248,452.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 153 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Mercantile Bank of Michigan
Wynalda Litho Inc in Belmont, MI received a Paycheck Protection Loan of $2.25M through Mercantile Bank of Michigan, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Wynalda Litho Inc's 2019 payroll expenses are estimated to be at least $10.79M.
Based on their reported 153 jobs retained, this equals an estimated average yearly compensation of $70,540 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wynalda Litho Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,626,452
- Utilities: $110,000
- Rent: $268,000
- Health Care: $244,000
Business Information - Wynalda Litho Inc in Belmont, MI
8221 Graphic Dr
Belmont, MI 49306
Commercial Printing (except Screen and Books)
NAICS code 323111
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Belmont
In the Belmont area, 3 businesses in the "Commercial Printing (except Screen and Books)" industry received a PPP loan. These local businesses reported an average of 62 employees (compared to this company's 153) and received an average PPP loan of $845,217 (compared to this company's $2.25M).
Similar Nearby Businesses Who Received PPP Funding:
Cards Of Wood Inc
Industry PPP Comparison Statistics
Nationwide, 23,988 businesses in the "Commercial Printing (except Screen and Books)" industry received a total of $3.07B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 92% lower than Wynalda Litho Inc's reported 153 employees, and received an average PPP loan of $128,160, 94% lower than this company's loan of $2.25M.
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Footnotes & Information
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