PPP Loan Data — Brian Nagel, Glencoe, MN
Entity: Sole Proprietorship
Location: Glencoe, MNTweet This • Search All PPP Data
Brian Nagel is a sole proprietorship located in Glencoe, Minnesota that received a Coronavirus-related PPP loan from the SBA of $10,600.00 in March, 2021.
The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:CorTrust Bank National Association
Brian Nagel in Glencoe, MN received a Paycheck Protection Loan of $10,600 through CorTrust Bank National Association, which was approved in March, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
Reported PPP Proceed Usage:
On the PPP application, Brian Nagel reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $10,600
Business Information - Brian Nagel in Glencoe, MN
* Full address is redacted to protect the privacy of individuals.
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Glencoe
In the Glencoe area, 15 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 1) and received an average PPP loan of $470,844 (compared to this company's $10,600).
Similar Nearby Businesses Who Received PPP Funding:
Archer Mechanical LLC
J Dubs LLC
Dreier Plumbing & Duct Fabrication, LLC
Angell Aire, Inc
Nordic Services, Inc
Lakeside P & H LLC
Street Plumbing Inc
Bob Boldt HVAC,LLC
Industry PPP Comparison Statistics
Nationwide, 103,844 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.03B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 900% higher than Brian Nagel's reported 1 employees, and received an average PPP loan of $125,455, 1084% higher than this company's loan of $10,600.
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.
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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