# Industry Loan Purpose - Payroll Loans Issued Average
1 722 Food Services and Drinking Places explore $162,004.00 2 $81,002.00 per loan
2 541 Professional, Scientific, and Technical Services explore $51,571.00 2 $25,785.50 per loan
3 453 Miscellaneous Store Retailers explore $42,798.00 2 $21,399.00 per loan
4 237 Heavy and Civil Engineering Construction explore $19,924.00 1 $19,924.00 per loan
5 238 Specialty Trade Contractors explore $18,080.00 1 $18,080.00 per loan
6 517 Telecommunications explore $17,994.00 1 $17,994.00 per loan
7 447 Gasoline Stations explore $16,350.00 1 $16,350.00 per loan
8 811 Repair and Maintenance explore $16,200.00 1 $16,200.00 per loan
9 721 Accommodation explore $22,943.58 2 $11,471.79 per loan
10 441 Motor Vehicle and Parts Dealers explore $11,206.90 1 $11,206.90 per loan
11 531 Real Estate explore $7,876.50 2 $3,938.25 per loan
Michigamme

loaned
$407.4K

unused
$0

loans
16

jobs
74

16

Total number of PPP loans.

Average payroll allocation per loan
average