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PPP Loan Data — K C Nielsen LTD, Humboldt, IA

SBA PPP loan data, payroll data, and salaries for K C Nielsen LTD
IA

K C Nielsen LTD

Entity: Corporation

Industry: Farm and Garden Machinery and Equipment Merchant Wholesalers

Location: Humboldt, IA

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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:

$2.5M

Jobs Retained:

225

Loan Approved:

2020-04-03

Lender:

NORTHWEST BANK

K 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.

Because the loan received by K C Nielsen LTD 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 - K C Nielsen LTD in Humboldt, IA

K C Nielsen LTD
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-04

Similar 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

$1.2M PPP Loan

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.

Search FederalPay's Full PPP Loan Database

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/k-c-nielsen-ltd-humboldt-ia