PPP Loan Data — Hutchinson Manufacturing Holdings, LLC, Hutchinson, MN
Hutchinson Manufacturing Holdings, LLC is a limited liability company (LLC) located at 720 Highway 7 W in Hutchinson, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,586,000.00 in April, 2020.
$ PPP Loan Information
Hutchinson Manufacturing Holdings, LLC in Hutchinson, MN received a Paycheck Protection Loan of $4.59M through BRIDGEWATER BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hutchinson Manufacturing Holdings, LLC's total 2019 payroll expenses were approximately $22.01M in order to qualify for the PPP loan amount received.
Based on their reported 260 jobs retained, this equals an estimated average yearly compensation of $84,665 per employee1.
Business Information - Hutchinson Manufacturing Holdings, LLC in Hutchinson, MN
720 Highway 7 W
Hutchinson, MN 55350
Plate Work Manufacturing (NAICS code 332313)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-07
Industry PPP Comparison Statistics
Nationwide, 1,433 businesses in the "Plate Work Manufacturing" industry received a total of $345,161,838.00 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, 93% lower than Hutchinson Manufacturing Holdings, LLC's reported 260 employees, and received an average PPP loan of $240,867, 95% lower than this company's loan of $4.59M.
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Footnotes & Information
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