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PPP Loan Data — American Phoenix, Inc., Minneapolis, MN

SBA PPP loan data, payroll data, and salaries for American Phoenix, Inc.
MN

American Phoenix, Inc.

Entity: Subchapter S Corporation

Industry: All Other Rubber Product Manufacturing

Location: Minneapolis, MN

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American Phoenix, Inc. is a subchapter s corporation located at 5500 Wayzata Blvd in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,034,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.03M

Jobs Retained:

437

Loan Approved:

2020-04-08

Lender:

BMO HARRIS BANK NATIONAL ASSOCIATION

American Phoenix, Inc. in Minneapolis, MN received a Paycheck Protection Loan of $4.03M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, American Phoenix, Inc.'s total 2019 payroll expenses were approximately $19.36M in order to qualify for the PPP loan amount received.

Based on their reported 437 jobs retained, this equals an estimated average yearly compensation of $44,309 per employee1.

Because the loan received by American Phoenix, Inc. 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 - American Phoenix, Inc. in Minneapolis, MN

American Phoenix, Inc.
5500 Wayzata Blvd
Minneapolis, MN 55416

Business Industry

All Other Rubber Product Manufacturing (NAICS code 326299)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MN-05

Industry PPP Comparison Statistics

Nationwide, 558 businesses in the "All Other Rubber Product Manufacturing" industry received a total of $170,103,918.00 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 24 employees, 95% lower than American Phoenix, Inc.'s reported 437 employees, and received an average PPP loan of $304,846, 92% lower than this company's loan of $4.03M.

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, 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/american-phoenix-inc-minneapolis-mn