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PPP Loan Data — Benjamin K. Offner, Brownsdale, MN

SBA PPP loan data, payroll data, and salaries for Benjamin K. Offner
MN

Benjamin K. Offner

Entity: Sole Proprietorship

Industry: New Single-Family Housing Construction (except For-Sale Builders)

Location: Brownsdale, MN

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Benjamin K. Offner is a sole proprietorship located in Brownsdale, Minnesota that received a Coronavirus-related PPP loan from the SBA of $7,397.00 in April, 2021.

$ PPP Loan Information
Loan #5591798705

Loan Size:

$7,397

Jobs Retained:

1

Loan Approved:

2021-04-02

Loan Status:

Ongoing Loan

Lender:

Citizens State Bank of Hayfield

Benjamin K. Offner in Brownsdale, MN received a Paycheck Protection Loan of $7,397 through Citizens State Bank of Hayfield, which was approved in April, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Benjamin K. Offner reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $7,394
  • Utilities: $1

Business Information - Benjamin K. Offner in Brownsdale, MN

Benjamin K. Offner
Brownsdale, MN
* Full address is redacted to protect the privacy of individuals.

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Mower County, MN — SBA Office 0508 — Congressional District: MN-01

Similar Companies near Brownsdale

In the Brownsdale area, 14 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $12,466 (compared to this company's $7,397).

Industry PPP Comparison Statistics

Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 400% higher than Benjamin K. Offner's reported 1 employees, and received an average PPP loan of $45,182, 511% higher than this company's loan of $7,397.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/benjamin-k-offner-brownsdale-mn