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PPP Loan Data — Zeeland Lumber Holdings, LLC, Zeeland, MI

SBA PPP loan data, payroll data, and salaries for Zeeland Lumber Holdings, LLC
MI

Zeeland Lumber Holdings, LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Other Holding Companies

Location: Zeeland, MI

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Zeeland Lumber Holdings, LLC is a limited liability company (LLC) located at 146 E Washington Ave in Zeeland, Michigan that received a Coronavirus-related PPP loan from the SBA of $4,466,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.47M

Jobs Retained:

328

Loan Approved:

2020-04-11

Lender:

COMERICA BANK

Zeeland Lumber Holdings, LLC received a Paycheck Protection Loan of $4.47M through COMERICA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Zeeland Lumber Holdings, LLC's total 2019 payroll expenses were approximately $21.44M in order to qualify for the PPP loan amount received.

Based on their reported 328 jobs retained, this equals an estimated average yearly compensation of $65,363 per employee1.

Because the loan received by Zeeland Lumber Holdings, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Zeeland Lumber Holdings, LLC in Zeeland, MI

Zeeland Lumber Holdings, LLC
146 E Washington Ave
Zeeland, MI 49464

Business Industry

Offices of Other Holding Companies (NAICS code 551112)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-02

Similar Companies near Zeeland

In the Zeeland area, 2 businesses in the "Offices of Other Holding Companies" industry received a PPP loan. These local businesses reported an average of 167 employees (compared to this company's 328) and received an average PPP loan of $2,268,231 (compared to this company's $4.47M).

Similar Nearby Businesses Who Received PPP Funding:

Teardrop Holdings, LLC
Zeeland, MI

$69,962 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 7,606 businesses in the "Offices of Other Holding Companies" industry received a total of $1,222,968,235.00 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 14 employees, 96% lower than Zeeland Lumber Holdings, LLC's reported 328 employees, and received an average PPP loan of $160,790, 96% lower than this company's loan of $4.47M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/zeeland-lumber-holdings-llc-zeeland-mi