PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Aqseptence Group, Inc., New Brighton, MN

SBA PPP loan data, payroll data, and salaries for Aqseptence Group, Inc.
MN

Aqseptence Group, Inc.

Entity: Corporation

Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing

Location: New Brighton, MN

Search All PPP Data

Aqseptence Group, Inc. is a corporation located at 1950 Old Hwy 8 Nw in New Brighton, Minnesota that received a Coronavirus-related PPP loan from the SBA of $5,460,639.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.46M

Jobs Retained:

340

Loan Approved:

2020-04-30

Lender:

BANK OF THE WEST

Aqseptence Group, Inc. received a Paycheck Protection Loan of $5.46M through BANK OF THE WEST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Aqseptence Group, Inc.'s total 2019 payroll expenses were approximately $26.21M in order to qualify for the PPP loan amount received.

Based on their reported 340 jobs retained, this equals an estimated average yearly compensation of $77,091 per employee1.

Because the loan received by Aqseptence Group, 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 - Aqseptence Group, Inc. in New Brighton, MN

Aqseptence Group, Inc.
1950 Old Hwy 8 Nw
New Brighton, MN 55112

Business Industry

All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS code 332999)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MN-04

Similar Companies near New Brighton

In the New Brighton area, 2 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 176 employees (compared to this company's 340) and received an average PPP loan of $2,811,653 (compared to this company's $5.46M).

Similar Nearby Businesses Who Received PPP Funding:

Edgar Corporation
New Brighton, MN

$162,667 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 4,328 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a total of $1,219,008,137.00 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 22 employees, 94% lower than Aqseptence Group, Inc.'s reported 340 employees, and received an average PPP loan of $281,656, 95% lower than this company's loan of $5.46M.

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.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/aqseptence-group-inc-new-brighton-mn