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PPP Loan Data — Holland Enterprises, Inc., Mapleton, ND

SBA PPP loan data, payroll data, and salaries for Holland Enterprises, Inc.
ND

Holland Enterprises, Inc.

Entity: Corporation

Industry: General Freight Trucking, Long-Distance, Truckload

Location: Mapleton, ND

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Holland Enterprises, Inc. is a corporation located at 500 Carl Olsen St in Mapleton, North Dakota that received a Coronavirus-related PPP loan from the SBA of $4,269,200.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 250 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.27M

Jobs Retained:

250

Loan Approved:

2020-04-03

Lender:

FIRST INTERNATIONAL BANK & TRUST

Holland Enterprises, Inc. in Mapleton, ND received a Paycheck Protection Loan of $4.27M through FIRST INTERNATIONAL BANK & TRUST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Holland Enterprises, Inc.'s total 2019 payroll expenses were approximately $20.49M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $81,969 per employee1.

Because the loan received by Holland Enterprises, 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 - Holland Enterprises, Inc. in Mapleton, ND

Holland Enterprises, Inc.
500 Carl Olsen St
Mapleton, ND 58059

Business Industry

General Freight Trucking, Long-Distance, Truckload (NAICS code 484121)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: ND-

Industry PPP Comparison Statistics

Nationwide, 30,410 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $2,441,673,488.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 98% lower than Holland Enterprises, Inc.'s reported 250 employees, and received an average PPP loan of $80,292, 98% lower than this company's loan of $4.27M.

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, 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/holland-enterprises-inc-mapleton-nd