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PPP Loan Data — Alexandria Extrusion Co., Alexandria, MN

SBA PPP loan data, payroll data, and salaries for Alexandria Extrusion Co.
MN

Alexandria Extrusion Co.

Entity: Corporation

Industry: Other Aluminum Rolling, Drawing, and Extruding

Location: Alexandria, MN

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Alexandria Extrusion Co. is a corporation located at 401 County Road 22 Nw in Alexandria, Minnesota that received a Coronavirus-related PPP loan from the SBA of $6,910,200.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$6.91M

Jobs Retained:

500

Loan Approved:

2020-04-13

Lender:

THE CITIZENS NATIONAL BANK OF PARK RAPIDS

Alexandria Extrusion Co. received a Paycheck Protection Loan of $6.91M through THE CITIZENS NATIONAL BANK OF PARK RAPIDS, which was approved in April, 2020.

Based on standard PPP eligibility rules, Alexandria Extrusion Co.'s total 2019 payroll expenses were approximately $33.17M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $66,338 per employee1.

Because the loan received by Alexandria Extrusion Co. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Alexandria Extrusion Co. in Alexandria, MN

Alexandria Extrusion Co.
401 County Road 22 Nw
Alexandria, MN 56308

Business Industry

Other Aluminum Rolling, Drawing, and Extruding (NAICS code 331318)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: MN-07

Industry PPP Comparison Statistics

Nationwide, 128 businesses in the "Other Aluminum Rolling, Drawing, and Extruding" industry received a total of $74,033,868.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 41 employees, 92% lower than Alexandria Extrusion Co.'s reported 500 employees, and received an average PPP loan of $578,390, 92% lower than this company's loan of $6.91M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/alexandria-extrusion-co-alexandria-mn