PPP Loan Data — Anderson Group Holdings Inc, Egan, MN
Anderson Group Holdings Inc
Location: Egan, MNTweet This • Search All PPP Data
Anderson Group Holdings Inc is a corporation located at 2905 West Service Rd in Egan, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,294,800.00 in April, 2020.
The company has reported itself as a male owned business.
$ PPP Loan Information
Jobs Retained:0 Unreported
Anderson Group Holdings Inc in Egan, MN received a Paycheck Protection Loan of $4.29M through RIVERLAND BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Anderson Group Holdings Inc's total 2019 payroll expenses were approximately $20.62M in order to qualify for the PPP loan amount received.
Unlike most businesses, Anderson Group Holdings Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Anderson Group Holdings Inc in Egan, MN
2905 West Service Rd
Egan, MN 55121
General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: MN-02
Similar Companies near Egan
In the Egan area, 9 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 0) and received an average PPP loan of $948,451 (compared to this company's $4.29M).
Similar Nearby Businesses Who Received PPP Funding:
Delta Trucking LLC
Farson Transport LLC
Saint Paul, MN
AZ Transport LLC
Airline Transportation Specialists, Inc.
Logistics Services, Inc.
Dart X, Inc
Minstar Transport Inc
Saint Paul, MN
Industry PPP Comparison Statistics
Nationwide, 30,410 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $2,441,673,488.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, and received an average PPP loan of $80,292, 98% lower than this company's loan of $4.29M.
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.
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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