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PPP loans in Alger County, Michigan

Each amount is what the Small Business Administration approved, as SBA published it, and says nothing more about the borrower. SBA guaranteed 266 Paycheck Protection Program loans for businesses it recorded in Alger County, $13.2 million in all.

Alger County, as of September 30, 2024

$13.2 million
Approved
$13,188,237
0.1% of the $24.1 billion approved in Michigan.
266
Loans
200 first draws and 66 second draws.
98.1%
Forgiven
261 of 266 loans carry a forgiveness amount, $13.2 million in all.
1.1%
Charged off
3 of 266 loans, approved for $162.1 thousand. That is the loans' size, not what SBA lost.

The largest borrowers in Alger County · 2020–21

1 more column on a wider screen

The largest borrowers in Alger County, 2020–21
RankNameUSD
1Munising Memorial Hospital Association, Munising$946.9 thousand
2Pictured Rocks Cruises Inc., Munising$507.7 thousand
3Compass Land Consultants, Inc., Au Train$384.0 thousand
4Superior Walk-In Center Pc, Munising$372.3 thousand
5Superior Walk-In Center Pc, Munising$372.3 thousand
6Hiawatha Telephone Company, Munising$351.7 thousand
7Hiawatha Communications, Inc., Munising$346.3 thousand
8Compass Land Consultants Inc, Autrain$339.9 thousand
9Cross General Contracting, Inc., Munising$289.2 thousand
10Cross General Contracting Inc, Munising$284.1 thousand
11Pictured Rocks Cruises, Inc., Munising$212.9 thousand
12Apostle Island Cruises Inc, Munising$210.9 thousand
13Mazzali Insurance Agency Inc, Munising$171.7 thousand
14Morgan Management Inc, Munising$165.3 thousand
15Murray Lighitng, W Bloomfield$165.1 thousand
16Ontonagon County Telephone Company, Munising$163.5 thousand
17Northern Motel Of Munising Inc., Munising$156.7 thousand
18Up Pies, Inc., Munising$153.0 thousand
19Tom Hall Contracting Inc., Munising$149.1 thousand
20Grand Island Landing Inc, Munising$143.1 thousand
21Buckhorn Management Group LLC, Munising$139.7 thousand
22Munising Bay Shipwreck Tours, Inc., Munising$135.8 thousand
23Munising Bay Shipwreck Tours, Inc., Munising$134.9 thousand
24Marks Electric Co, Electrical Contracting$134.0 thousand
25Putvin Health Mart Of Munising, Inc., Munising$126.6 thousand
26Karlin Marine, Traverse City$118.3 thousand
27Northern Motel Of Munising, Inc, Munising$116.7 thousand
28Munising Water Sports Inc, Munising$103.8 thousand
29Grand Island Landing Inc, Munising$102.1 thousand
30Delt Forge Inc., manufacturing$102.0 thousand
31Cherrywood Lodge Inc., Wetmore$100.0 thousand
32Charlton Construction LLC, Wetmore$98,600
33Roam Inn, LLC, Munising$95,456
34Possum Hollar Inc., Munising$94,346
35Gerou Excavating Inc., Wetmore$90,300
36Out Of The Ashes Inc., Wetmore$86,773
36Out Of The Ashes, Inc., Wetmore$86,773
38Mac's Tree Removal Inc., Munising$86,620
39Buckhorn Management Group, LLC, Munising$84,244
40Lake Superior Brewing Co, Grand Marais$80,000
41East Beach Inc., Munising$79,928
42Midwest Control, Inc., Trenary$79,400
43Roam Inn, LLC, Munising$79,163
44Foggy's Bar & Steakhouse, Inc., Christmas$76,671
45Tom Hall Contracting Inc., Munising$76,062
46St Amour & St Amour, Munising$75,000
47Trenary Toast Bakery, Inc., Trenary$72,197
48Cherrywood Lodge Inc., Wetmore$71,400
49Falling Rock Cafe & Book Store, Munising$70,972
50Gurukirpa 5 LLC, Wetmore$70,490
51White Pine Lodge, Munising$69,561
52Possum Hollar, Inc, Munising$67,300
53Lake Superior Brewing, Grand Marais$62,500
54L & L Pattern Inc., Muskegon Heights$60,705
55Skips Auto Repair LLC, Munising$60,367
56Burnips Wesleyan Church (Lifechange Community Church), Burnips$58,222
57Midway Telephone Company, Munising$57,300
58East Beach Inc, Munising$57,000
58Schwarz Enterprises Inc., Wetmore$57,000
60Holmquist Feedmill, Inc., Trenary$55,720
61Eh! Burger, LLC, Munising$54,861
62Rdk Melstrand Inc., Shingleton$54,363
63Peterson Publishing Inc, Munising$54,113
64Brownstone Inn Inc., Au Train$53,375
65Harbour View Senior Living Community, Inc., Munising$52,700
66Madigan's True Value Hardware, Munising$52,619
67Peterson Publishing Inc, Munising$51,584
68Renze Power Sports, LLC, Munising$51,200
69Falling Rock Cafe & Bookstore Inc, Munising$50,600
70Gurukirpa 5 LLC, Wetmore$50,300
71Foggy's Bar & Steakhouse, Inc., Christmas$50,197
72Muldoons Pasties And Gifts LLC, Munising$49,600
73Bowerman Funeral Home, Munising$49,142
73Bowerman Funeral Home, Inc., Munising$49,142
75Ron's Body Shop Inc, Munising$47,900
76Ron's Body Shop Inc, Munising$45,600
77Taco Primo LLC, Munising$42,786
78D.W. Sturt & Co, Petsoky$42,068
79Riptide Ride, LLC, Munising$41,667
80Denman's Hardware Inc., Munising$41,400
81Active Inc, Sylvan Lake$39,723
82Apostle Islands Kayaking LLC, Munising$38,981
83Eh! Burger, LLC, Munising$38,451
84Brownstone Inn, Inc., Au Train$38,125
85Munising Water Sports, Inc., Munising$37,904
86J&L Vesper, LLC, Grand Marais$37,881
87Brock Engineering, LLC, Traverse City$36,975
88Bay Furnace Bagel Company LLC, Munising$36,800
89South Shore Property Management, LLC, Munising$36,060
90Sentinel Boat Company LLC, Munising$35,595
90Sentinel Boat Company, LLC, Munising$35,595
92Thomas Adams, Munising$35,026
93Jolt Enterprises, Inc., Munising$34,459
94Premier Forest Products Inc., Trenary$34,310
94Premier Forest Products, Inc., Trenary$34,310
96Vanlandschoot And Sons Inc., Au Train$33,895
97Vanlandschoot & Sons Inc., Autrain$33,895
98Taco Primo LLC, Munising$33,331
99Superiorland Properties, LLC, Munising$33,304
100Autrain Northwoods Resort, Inc., Au Train$33,100

How the list is drawn

  • 100 of the 263 borrowers ranked in Alger County are listed: every one ranked in the top 100, with ties. Borrowers approved the same amount share a rank, so the list can be longer than 100.
  • A borrower is ranked here when SBA recorded its first loan in Alger County. Its amount is summed over every loan it was approved, a first draw, a second or both, and is not what was forgiven or repaid, which each borrower’s page shows loan by loan.

Related

Sources

Data retrieved