PPP Loan Data — K C Nielsen LTD, Humboldt, IA
K C Nielsen LTD
Location: Humboldt, IATweet 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
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.
Business Information - K C Nielsen LTD in Humboldt, IA
2228 220th St
Humboldt, IA 50548
Farm and Garden Machinery and Equipment Merchant Wholesalers (NAICS code 423820)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional 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:
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.
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