PPP Loan Data — Fulfillment Distribution Center, Inc, Saint Cloud, MN
Fulfillment Distribution Center, Inc is a corporation located at 720 Anderson Ave in Saint Cloud, Minnesota that received a Coronavirus-related PPP loan from the SBA of $5,037,000.00 in April, 2020.
$ PPP Loan Information
Lender:CENTRAL MINNESOTA CU
Fulfillment Distribution Center, Inc received a Paycheck Protection Loan of $5.04M through CENTRAL MINNESOTA CU, which was approved in April, 2020.
Based on standard PPP eligibility rules, Fulfillment Distribution Center, Inc's total 2019 payroll expenses were approximately $24.18M 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 $48,355 per employee1.
Business Information - Fulfillment Distribution Center, Inc in Saint Cloud, MN
720 Anderson Ave
Saint Cloud, MN 56303
General Warehousing and Storage (NAICS code 493110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-06
Similar Companies near Saint Cloud
In the Saint Cloud area, 2 businesses in the "General Warehousing and Storage" industry received a PPP loan. These local businesses reported an average of 262 employees (compared to this company's 500) and received an average PPP loan of $2,575,300 (compared to this company's $5.04M).
Similar Nearby Businesses Who Received PPP Funding:
Red's Transfer & Storage, Inc
Saint Cloud, MN
Industry PPP Comparison Statistics
Nationwide, 3,025 businesses in the "General Warehousing and Storage" industry received a total of $593,729,644.00 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 19 employees, 96% lower than Fulfillment Distribution Center, Inc's reported 500 employees, and received an average PPP loan of $196,274, 96% lower than this company's loan of $5.04M.
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.
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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