The Covid-19 pandemic has affected lives and impacted our global economy. The effect is ongoing. In March, Congress passed the $2 trillion CARES Act. As part of this economic package, the U.S. Small Business Administration, SBA, created the Paycheck Protection Program, (PPP) for use by approximately 4.5 million small businesses across the country. The PPP loans in Huron County serve to help small businesses keep their workforce employed during the pandemic crisis.
The Small Business Administration recently released data on businesses that have received the emergency loans of $150,000 or more. The data was provided by the U.S. Department of the Treasury.
The 48 Huron County PPP businesses that received loans noted a total of 2,137 retained employees in the loan application. The largest applicant in the county was Scheurer Healthcare Network with 442 employees. It’s estimated that between $16.2 to $36.6 million in Huron County PPP loans were made to businesses utilizing this program in the Upper Thumb.
The SBA reported the following businesses in Huron County receiving loans over $150,000.Business City Loan Range Jobs Retained Business Type Lender Date Approved AMERICAN TECHNICAL FABRICATORS, LLC Bad Axe $150,000-350,000 29 Fabricated Structural Metal Manufacturing (Limited Liability Company(LLC)) Thumb Bank & Trust 11-Apr-20 AQUILA FARMS LLC Bad Axe $150,000-350,000 49 Dairy Cattle and Milk Production (Limited Liability Company(LLC)) Greenstone Farm Credit Services, ACA 15-Apr-20 BRINING & NARTKER, P.C. Bad Axe $150,000-350,000 10 Offices of Certified Public Accountants (Corporation) Thumb Bank & Trust 4-Apr-20 D & W SALVAGE, INC. Bad Axe $150,000-350,000 23 Recyclable Material Merchant Wholesalers (Corporation) Independent Bank 29-Apr-20 FLANNERY CHEVROLET BUICK GMC, CO. Bad Axe $150,000-350,000 26 New Car Dealers (Corporation) The Huntington National Bank 9-Apr-20 HURON EYE CARE, P.C. Bad Axe $150,000-350,000 7 Offices of Physicians (except Mental Health Specialists) (Corporation) TCF National Bank 28-Apr-20 HURON TOOL & ENGINEERING COMPANY Bad Axe $350,000-1 million 52 Precision Turned Product Manufacturing (Corporation) Bay Port State Bank 15-Apr-20 J.W. HUNT OTC, INC. Bad Axe $350,000-1 million 29 Specialized Freight (except Used Goods) Trucking, Local () TCF National Bank 3-May-20 JOHN S HUNT, PATRICIA J HUNT, AND ADAM F HUNT Bad Axe $150,000-350,000 24 None (Partnership) TCF National Bank 3-May-20 MAURER ELECTRIC, INC. Bad Axe $350,000-1 million 41 Electrical Contractors and Other Wiring Installation Contractors (Corporation) Eastern Michigan Bank 7-Apr-20 NARAYAN REHABILITATION INC. Bad Axe $150,000-350,000 22 Offices of Physical, Occupational and Speech Therapists, and Audiologists (Corporation) TCF National Bank 28-Apr-20 ORDUS FORD INC. Bad Axe $150,000-350,000 20 New Car Dealers (Corporation) Independent Bank 15-Apr-20 OSENTOSKI FARM EQUIPMENT INC Bad Axe $150,000-350,000 N/A Farm and Garden Machinery and Equipment Merchant Wholesalers (Corporation) Northstar Bank 14-Apr-20 ROBERT BROWN DAIRY EQUIPMENT CO. Bad Axe $350,000-1 million 26 All Other Animal Production (Subchapter S Corporation) Independent Bank 11-Apr-20 ROMATH, INC. Bad Axe $150,000-350,000 N/A Commercial and Institutional Building Construction (Subchapter S Corporation) Northstar Bank 13-Apr-20 SMITH DISTRIBUTING COMPANY Bad Axe $150,000-350,000 16 Breweries (Corporation) Independent Bank 10-Apr-20 TE VOORTWIS DAIRY LLC Bad Axe $150,000-350,000 32 Dairy Cattle and Milk Production (Limited Liability Company(LLC)) TCF National Bank 27-Apr-20 THUMB BIG BOY RESTAURANTS, INC. Bad Axe $150,000-350,000 45 Full-Service Restaurants (Corporation) Exchange State Bank 10-Apr-20 THUMB INDUSTRIES, INC. Bad Axe $150,000-350,000 N/A Vocational Rehabilitation Services (Non-Profit Organization) Northstar Bank 13-Apr-20 VANDEVELDE AND MATHESON DDS PC Bad Axe $150,000-350,000 34 Offices of Dentists (Subchapter S Corporation) PNC Bank, National Association 15-Apr-20 WIL-LE FARMS, INC. Bad Axe $150,000-350,000 20 Corn Farming (Corporation) Thumb Bank & Trust 10-Apr-20 S & S TUBE, INC. Bay Port $150,000-350,000 19 Fabricated Pipe and Pipe Fitting Manufacturing (Subchapter S Corporation) Thumb Bank & Trust 12-Apr-20 IGNASH PETROLEUM,INC. Caseville $150,000-350,000 15 General Freight Trucking, Local (Corporation) Frankenmuth CU 7-Apr-20 https://e8c399e1a870e378e394b2051b4bd6d4.safeframe.googlesyndication.com/safeframe/1-0-37/html/container.html OAK POINT PARTNERS INC Caseville $350,000-1 million 209 Limited-Service Restaurants (Subchapter S Corporation) PNC Bank, National Association 14-Apr-20 W.A. HERFORD & SONS FARMS, INC. Elkton $150,000-350,000 15 All Other Miscellaneous Crop Farming (Subchapter S Corporation) Thumb Bank & Trust 14-Apr-20 ZWEMMER MANAGEMENT, LLC Elkton $350,000-1 million 120 Dairy Cattle and Milk Production (Professional Association) Greenstone Farm Credit Services, ACA 15-Apr-20 DR JAMES F HIRN DDS PC Harbor Beach $150,000-350,000 9 Offices of Dentists (Limited Liability Company(LLC)) TCF National Bank 28-Apr-20 GREKOWICZ FARMS, INC. Harbor Beach $150,000-350,000 31 Corn Farming (Corporation) Greenstone Farm Credit Services, ACA 15-Apr-20 HARBOR BEACH COMMUNITY HOSPITAL, INC. Harbor Beach $1-2 million 127 General Medical and Surgical Hospitals (Non-Profit Organization) Thumb Bank & Trust 9-Apr-20 HARBOR DRUG INC Harbor Beach $150,000-350,000 22 Pharmacies and Drug Stores (Corporation) Northstar Bank 10-Apr-20 LEADER TOOL Harbor Beach $150,000-350,000 21 Special Die and Tool, Die Set, Jig, and Fixture Manufacturing () TCF National Bank 3-May-20 NATIONAL FILTERS INC. Harbor Beach $150,000-350,000 42 All Other Miscellaneous Manufacturing (Corporation) Byline Bank 7-Apr-20 FARMERS CO-OPERATIVE GRAIN COMPANY OF KINDE Kinde $350,000-1 million 49 Farm Product Warehousing and Storage (Cooperative) Bank of America, National Association 15-Apr-20 SCHEURER HEALTHCARE NETWORK Pigeon $5-10 million 442 General Medical and Surgical Hospitals (Non-Profit Organization) Thumb Bank & Trust 9-Apr-20 ZIMMERMAN & SONS ELECTRIC LLC Port Austin $150,000-350,000 15 Electrical Contractors and Other Wiring Installation Contractors (Limited Liability Company(LLC)) TCF National Bank 16-Apr-20 RATHMOURNE DAIRY, L.L.C. Port Hope $1-2 million 168 Dairy Cattle and Milk Production (Limited Liability Company(LLC)) Greenstone Farm Credit Services, ACA 14-Apr-20 BISCHER FARMS PARTNERSHIP Ruth $150,000-350,000 39 Beef Cattle Ranching and Farming (Partnership) Greenstone Farm Credit Services, ACA 14-Apr-20 BAYSIDE BEST BEANS, LLC Sebewaing $150,000-350,000 23 Other Grocery and Related Products Merchant Wholesalers (Limited Liability Company(LLC)) TCF National Bank 16-Apr-20 BRENT M BOYCE MD PC Sebewaing $150,000-350,000 40 Offices of Physicians (except Mental Health Specialists) (Subchapter S Corporation) TCF National Bank 28-Apr-20 HIGHLAND DAIRY LLC Sebewaing $150,000-350,000 27 Dairy Cattle and Milk Production (Limited Liability Company(LLC)) Greenstone Farm Credit Services, ACA 15-Apr-20 IMMANUEL LUTHERAN CHURCH OF SEBEWAING, MICHIGAN Sebewaing $150,000-350,000 37 Religious Organizations (Non-Profit Organization) Independent Bank 14-Apr-20 LUKE’S SUPER MARKET, INC Sebewaing $150,000-350,000 35 Supermarkets and Other Grocery (except Convenience) Stores (Corporation) TCF National Bank 3-May-20 MOORE SHORELINE CHEVROLET BUICK, INC. Sebewaing $150,000-350,000 24 New Car Dealers (Subchapter S Corporation) TCF National Bank 14-Apr-20 NITZ VALVE HARDWARE INC. Sebewaing $150,000-350,000 14 Other Metal Valve and Pipe Fitting Manufacturing (Subchapter S Corporation) TCF National Bank 3-May-20 SELECT LEASING, INC. Sebewaing $1-2 million 100 General Freight Trucking, Local (Subchapter S Corporation) Independent Bank 14-Apr-20 THOMPSON CHEVROLET INC Ubly $150,000-350,000 N/A New Car Dealers (Corporation) Northstar Bank 15-Apr-20 THUMB ELECTRIC COOPERATIVE Ubly $350,000-1 million N/A Electric Power Distribution (Cooperative) Northstar Bank 13-Apr-20 TRU FLO CARBIDE CO. Ubly $150,000-350,000 11 Special Die and Tool, Die Set, Jig, and Fixture Manufacturing () TCF National Bank 3-May-20
The Paycheck Protection Program resumed accepting applications July 6, in response to President signing the program’s extension legislation. The new deadline to apply for a Paycheck Protection Program loan is August 8, 2020.
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