These Notable Northern Michigan Organizations Received PPP Loans

The Small Business Administration (SBA) has released the names of companies that received federal paycheck protection program (PPP) loans during the pandemic, and a few notable organizations in northern Michigan are on the list, including Interlochen Center. for the Arts, which received a loan of $ 5-10 million to protect 488 jobs.

Other notable recipients of PPP loans, according to SBA documents, include:

$ 5-10 million
Great Lakes Energy, Boyne City, 268 jobs
Kalkaska County Hospital, Kalkaska, 250 jobs
Hospitality Syracuse, Traverse City, 500 jobs

$ 2 to $ 5 million
Burnette Foods, Elk Rapids, 433 jobs
Bill Marsh Automotive, Traverse City, 315 jobs
Britten, Inc., Traverse City, 268 jobs
Century Inc., Traverse City, 0 jobs (NOTE: SBA official report says 0 jobs; company officials say they reported 200 jobs and 160 were retained)
Serra Traverse City, Traverse City, 177 jobs
Skilled Manufacturing, Traverse City, 217 jobs
Wyatt Benson, Traverse City, 233 jobs

$ 1 to $ 2 million
Short’s Brewing, Elk Rapids, 175 jobs
Cherry Republic, Glen Arbor, 106 jobs
Catholic Schools in the Grand Traverse, Traverse City area, 155 jobs
Hospitality Memphis, Traverse City, 494 jobs
Hospitality Tennessee, Traverse City, 367 jobs
Tom’s Food Markets, Traverse City, 238 jobs

Only the names of companies receiving more than $ 150,000 in loans have been published. To see the full list here.

Source link

About Theresa Burton

Check Also

Michigan State’s Chris Kapilovic named assistant head coach

Michigan State Assistant Coach Chris Kapilovic has an addition to his job title. Offensive line …

Leave a Reply

Your email address will not be published. Required fields are marked *