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PPP Loan Data — Alexandria Extrusion Co.,
Alexandria, 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:
Jobs Retained:
500Loan Approved:
2020-04-13Lender:
THE CITIZENS NATIONAL BANK OF PARK RAPIDSAlexandria 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.
Business Information - Alexandria Extrusion Co. in Alexandria, MN
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-07Industry 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.
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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