16 Marine City companies that received $ 150,000 or more in P3 loans

Cardinal Mooney Catholic High School and Our Lady on the River Parish are among 16 organizations in Marine City that have received $ 150,000 to $ 1 million in loans from the Paycheck Protection Program.

Thanks to these loans, companies have retained around 337 jobs, according to Data from the United States Small Business Administration.

The Paycheck Protection Program is a loan from the US Small Business Administration that helps businesses keep their workforce employed during the coronavirus pandemic.The organization will cancel the loans if all employee retention criteria are met and funds are used for eligible expenses.

The program, created in March as part of the CARES law of nearly $ 2 trillion, has provided these loans to nearly 4.5 million small businesses.

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The SBA recently released data on companies that have received emergency pandemic loans of $ 150,000 or more. Here are 16 businesses in the Marine City area that received loans:

BRENNER CONTRACT

  • Loan range: $ 350,000 to $ 1 million
  • Jobs retained: N / A
  • Type of business: Electrical and other wiring installation contractors (Company)
  • Lender: Northstar Bank
  • Date of Approval: April 9, 2020

BRUCEY BOYS LLC

  • Loan range: $ 150,000 – $ 350,000
  • Jobs retained: 40
  • Business Type: Full Service Restaurants (Limited Liability Company (LLC))
  • Lender: Fifth Third Bank
  • Date of Approval: April 28, 2020

BUS & COMPANIES PC

  • Loan range: $ 150,000 – $ 350,000
  • Jobs retained: 11
  • Business type: Other accounting services (company)
  • Lender: Huntington National Bank
  • Approval Date: April 13, 2020

CARDINAL MOONEY CATHOLIC HIGH SCHOOL

  • Loan range: $ 150,000 – $ 350,000
  • Jobs retained: N / A
  • Type of business: Elementary and secondary schools (non-profit organization)
  • Lender: Northstar Bank
  • Date of Approval: April 15, 2020

LAWN AND DOWNSTREAM LANDSCAPE INC

  • Loan range: $ 150,000 – $ 350,000
  • Jobs retained: 6
  • Business Type: Landscaping Services (Subchapter S Corporation)
  • Lender: Huntington National Bank
  • Date of Approval: April 15, 2020

HARBOR HEALTH PRIVATE CARE, INC.

  • Loan range: $ 150,000 – $ 350,000
  • Jobs retained: 45
  • Business Type: Home Health Care Services (Company)
  • Lender: Fifth Third Bank
  • Date of Approval: May 3, 2020

PORT HEALTH SERVICES, INC

  • Loan range: $ 150,000 – $ 350,000
  • Jobs retained: 25
  • Business Type: Home Health Care Services (Company)
  • Lender: TCF National Bank
  • Date of Approval: April 28, 2020

HOWELL ENGINE DEVELOPMENTS, INC.

  • Loan range: $ 150,000 – $ 350,000
  • Jobs retained: 10
  • Type of business: Manufacture of electrical and electronic equipment for motor vehicles (subchapter S Corporation)
  • Lender: TCF National Bank
  • Date of Approval: April 28, 2020

JGM REAL ESTATE GROUP, INC

  • Loan range: $ 150,000 – $ 350,000
  • Jobs retained: N / A
  • Business Type: Concierge Services (Company)
  • Lender: Northstar Bank
  • Date of Approval: April 14, 2020

PC MCBRIDE, MANLEY & MIILLER

  • Loan range: $ 150,000 – $ 350,000
  • Jobs retained: 12
  • Type of business: Chartered accountancy firms (company)
  • Lender: Northstar Bank
  • Approval Date: April 8, 2020

MMM COMPANIES

  • Loan range: $ 150,000 – $ 350,000
  • Jobs retained: 10
  • Business Type: Site Preparation Contractors (Limited Liability Company (LLC))
  • Lender: Flagstar Bank, FSB
  • Date of Approval: April 15, 2020

PARISH OF NOTRE-DAME ON THE RIVER

  • Loan range: $ 150,000 – $ 350,000
  • Jobs retained: 29
  • Type of business: Religious organizations (non-profit organization)
  • Lender: TCF National Bank
  • Date of Approval: May 3, 2020

RIVERSIDE SPLINE & GEAR, INC.

  • Loan range: $ 350,000 to $ 1 million
  • Jobs retained: 49
  • Type of business: machine tool manufacturing (subchapter S Corporation)
  • Lender: Northstar Bank
  • Approval Date: April 8, 2020

SELECTIVE INDUSTRIES INC

  • Loan range: $ 350,000 to $ 1 million
  • Jobs retained: 67
  • Business Type: Automotive Metal Stamping (Company)
  • Lender: Eastern Michigan Bank
  • Date of Approval: April 7, 2020

VJ INDUSTRIAL INC

  • Loan range: $ 150,000 – $ 350,000
  • Jobs retained: 13
  • Type of business: Other mechanical and electrical repair and maintenance of automobiles (Company)
  • Lender: TCF National Bank
  • Date of Approval: May 3, 2020

MOLD AND TOOL WORSWICK, INC.

  • Loan range: $ 150,000 – $ 350,000
  • Jobs retained: 20
  • Company type: Manufacture of all other plastic products (Company)
  • Lender: TCF National Bank
  • Date of Approval: April 28, 2020

Contact Bryce Airgood at (810) 989-6202 or [email protected] Follow her on Twitter @ bairgood123.


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