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PPP Loan Data — Fulfillment Distribution Center, Inc, Saint Cloud, MN

SBA PPP loan data, payroll data, and salaries for Fulfillment Distribution Center, Inc
MN

Fulfillment Distribution Center, Inc

Entity: Corporation

Industry: General Warehousing and Storage

Location: Saint Cloud, MN

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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

Loan Size:

$5.04M

Jobs Retained:

500

Loan Approved:

2020-04-11

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.

Because the loan received by Fulfillment Distribution Center, 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 - Fulfillment Distribution Center, Inc in Saint Cloud, MN

Fulfillment Distribution Center, Inc
720 Anderson Ave
Saint Cloud, MN 56303

Business Industry

General Warehousing and Storage (NAICS code 493110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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

$113,600 PPP Loan

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.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/fulfillment-distribution-center-inc-saint-cloud-mn