PPP Loan Data — Lessors, Inc., Saint Paul, MN
Location: Saint Paul, MNTweet This • Search All PPP Data
Lessors, Inc. is a corporation located at 1056 Gemini Rd in Saint Paul, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,614,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 350 people during the applicable loan loan period.
$ PPP Loan Information
Lender:OLD NATIONAL BANK
Lessors, Inc. in Saint Paul, MN received a Paycheck Protection Loan of $2.61M through OLD NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lessors, Inc.'s total 2019 payroll expenses were approximately $12.55M in order to qualify for the PPP loan amount received.
Based on their reported 350 jobs retained, this equals an estimated average yearly compensation of $35,851 per employee1.
Business Information - Lessors, Inc. in Saint Paul, MN
1056 Gemini Rd
Saint Paul, MN 55121
Specialized Freight (except Used Goods) Trucking, Local (NAICS code 484220)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MN-02
Similar Companies near Saint Paul
In the Saint Paul area, 3 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a PPP loan. These local businesses reported an average of 148 employees (compared to this company's 350) and received an average PPP loan of $1,000,090 (compared to this company's $2.61M).
Similar Nearby Businesses Who Received PPP Funding:
Optimus Courier LLC
Industry PPP Comparison Statistics
Nationwide, 15,820 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a total of $1,349,363,237.00 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 7 employees, 98% lower than Lessors, Inc.'s reported 350 employees, and received an average PPP loan of $85,295, 97% lower than this company's loan of $2.61M.
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