PPP Loan Data — Henry's Foods, Inc., Alexandria, MN
Henry's Foods, Inc. is a subchapter s corporation located at 234 Mckay Ave N in Alexandria, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,676,300.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 241 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BREMER BANK, NATIONAL ASSOCIATION
Henry's Foods, Inc. received a Paycheck Protection Loan of $2.68M through BREMER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Henry's Foods, Inc.'s total 2019 payroll expenses were approximately $12.85M in order to qualify for the PPP loan amount received.
Based on their reported 241 jobs retained, this equals an estimated average yearly compensation of $53,304 per employee1.
Business Information - Henry's Foods, Inc. in Alexandria, MN
234 Mckay Ave N
Alexandria, MN 56308
General Line Grocery Merchant Wholesalers (NAICS code 424410)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MN-07
Industry PPP Comparison Statistics
Nationwide, 4,442 businesses in the "General Line Grocery Merchant Wholesalers" industry received a total of $596,799,136.00 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 14 employees, 94% lower than Henry's Foods, Inc.'s reported 241 employees, and received an average PPP loan of $134,354, 95% lower than this company's loan of $2.68M.
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Footnotes & Information
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