Traverse City News and Events

These Notable Northern Michigan Organizations Received PPP Loans

July 7, 2020

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 northern Michigan organizations are on the list, including Interlochen Center for the Arts, which received a loan of $5-$10 million to protect 488 jobs. 

According to the SBA documents, among other notable PPP loan recipients were:

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

$2-$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: Official SBA 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-$2 million
Short’s Brewing, Elk Rapids, 175 jobs
Cherry Republic, Glen Arbor, 106 jobs
Grand Traverse Area Catholic Schools, Traverse City, 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 those companies receiving more than $150,000 loans were published. View the entire list here

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