FederalPay.org
PPP Loan Data — K C Nielsen LTD,
Humboldt, IA
K C Nielsen LTD
Entity: Corporation
Industry: Farm and Garden Machinery and Equipment Merchant Wholesalers
Location: Humboldt, IA
Tweet This
•
Search All PPP Data
K C Nielsen LTD is a corporation located at 2228 220th St in Humboldt, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,500,000.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 225 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
225Loan Approved:
2020-04-03Lender:
NORTHWEST BANKK C Nielsen LTD in Humboldt, IA received a Paycheck Protection Loan of $2.5M through NORTHWEST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, K C Nielsen LTD's total 2019 payroll expenses were approximately $12M in order to qualify for the PPP loan amount received.
Based on their reported 225 jobs retained, this equals an estimated average yearly compensation of $53,333 per employee1.
Business Information - K C Nielsen LTD in Humboldt, IA
2228 220th St
Humboldt, IA 50548
Business Industry
Farm and Garden Machinery and Equipment Merchant Wholesalers (NAICS code 423820)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERAN
Congressional District: IA-04Similar Companies near Humboldt
In the Humboldt area, 2 businesses in the "Farm and Garden Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 113 employees (compared to this company's 225) and received an average PPP loan of $1,850,000 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
HY-Capacity, Inc
Humboldt, IA
Industry PPP Comparison Statistics
Nationwide, 2,270 businesses in the "Farm and Garden Machinery and Equipment Merchant Wholesalers" industry received a total of $573,983,487.00 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, 92% lower than K C Nielsen LTD's reported 225 employees, and received an average PPP loan of $252,856, 90% lower than this company's loan of $2.5M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!