PPP Loan Data — Lakes Gas Co, Wyoming, MN
Lakes Gas Co is a subchapter s corporation located at 26777 Fallbrook Ave in Wyoming, Minnesota that received a Coronavirus-related PPP loan from the SBA of $3,058,400.00 in April, 2020.
$ PPP Loan Information
Lender:THE BANK OF ELK RIVER
Lakes Gas Co received a Paycheck Protection Loan of $3.06M through THE BANK OF ELK RIVER, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lakes Gas Co's total 2019 payroll expenses were approximately $14.68M in order to qualify for the PPP loan amount received.
Based on their reported 263 jobs retained, this equals an estimated average yearly compensation of $55,819 per employee1.
Business Information - Lakes Gas Co in Wyoming, MN
26777 Fallbrook Ave
Wyoming, MN 55092
Fuel Dealers (NAICS code 454310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-08
Industry PPP Comparison Statistics
Nationwide, 2,598 businesses in the "Fuel Dealers" industry received a total of $459,348,282.00 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 15 employees, 94% lower than Lakes Gas Co's reported 263 employees, and received an average PPP loan of $176,808, 94% lower than this company's loan of $3.06M.
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Footnotes & Information
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