PPP Loan Data — Horton Inc, Roseville, MN
Entity: Subchapter S Corporation
Location: Roseville, MNTweet This • Search All PPP Data
Horton Inc is a subchapter s corporation located at 2565 Walnut St in Roseville, Minnesota that received a Coronavirus-related PPP loan from the SBA of $6,813,400.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 397 people during the applicable loan loan period.
$ PPP Loan Information
Horton Inc in Roseville, MN received a Paycheck Protection Loan of $6.81M through BELL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Horton Inc's total 2019 payroll expenses were approximately $32.7M in order to qualify for the PPP loan amount received.
Based on their reported 397 jobs retained, this equals an estimated average yearly compensation of $82,379 per employee1.
Business Information - Horton Inc in Roseville, MN
2565 Walnut St
Roseville, MN 55113
Motor Vehicle Transmission and Power Train Parts Manufacturing (NAICS code 336350)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: MN-04
Industry PPP Comparison Statistics
Nationwide, 238 businesses in the "Motor Vehicle Transmission and Power Train Parts Manufacturing" industry received a total of $103,227,057.00 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, 92% lower than Horton Inc's reported 397 employees, and received an average PPP loan of $433,727, 94% lower than this company's loan of $6.81M.
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.
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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