American Phoenix, Inc. in Minneapolis, MN - SBA PPP Loan Data (Paycheck Protection Program)

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

American Phoenix, Inc.

Entity: Subchapter S Corporation

Industry: All Other Rubber Product Manufacturing

Location: Minneapolis, MN

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.

Search FederalPay's Full PPP Loan Database

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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