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PPP Loan Data — Crenlo Cab Products, LLC, Rochester, MN

SBA PPP loan data, payroll data, and salaries for Crenlo Cab Products, LLC

Crenlo Cab Products, LLC

Entity: Limited Liability Company (LLC)

Industry: Heavy Duty Truck Manufacturing

Location: Rochester, MN

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Crenlo Cab Products, LLC is a limited liability company (LLC) located at 1600 4th Ave in Rochester, Minnesota that received a Coronavirus-related PPP loan from the SBA of $7,916,993.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Crenlo Cab Products, LLC received a Paycheck Protection Loan of $7.92M through LEVEL ONE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Crenlo Cab Products, LLC's total 2019 payroll expenses were approximately $38M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $76,003 per employee1.

Because the loan received by Crenlo Cab Products, LLC 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 - Crenlo Cab Products, LLC in Rochester, MN

Crenlo Cab Products, LLC
1600 4th Ave
Rochester, MN 55901

Business Industry

Heavy Duty Truck Manufacturing (NAICS code 336120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: NON-VETERAN

Congressional District: MN-01

Industry PPP Comparison Statistics

Nationwide, 163 businesses in the "Heavy Duty Truck Manufacturing" industry received a total of $74,791,097.00 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 31 employees, 94% lower than Crenlo Cab Products, LLC's reported 500 employees, and received an average PPP loan of $458,841, 94% lower than this company's loan of $7.92M.

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.

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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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