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PPP Loan Data — Max-Tech, Inc., Hamel, MN

SBA PPP loan data, payroll data, and salaries for Max-Tech, Inc.

Max-Tech, Inc.

Entity: Corporation

Industry: Brick, Stone, and Related Construction Material Merchant Wholesalers

Location: Hamel, MN

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Max-Tech, Inc. is a corporation located at 920 Hamel Road in Hamel, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,423,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Max-Tech, Inc. received a Paycheck Protection Loan of $4.42M through BREMER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Max-Tech, Inc.'s total 2019 payroll expenses were approximately $21.23M in order to qualify for the PPP loan amount received.

Based on their reported 373 jobs retained, this equals an estimated average yearly compensation of $56,922 per employee1.

Because the loan received by Max-Tech, Inc. 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 - Max-Tech, Inc. in Hamel, MN

Max-Tech, Inc.
920 Hamel Road
Hamel, MN 55340

Business Industry

Brick, Stone, and Related Construction Material Merchant Wholesalers (NAICS code 423320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MN-03

Similar Companies near Hamel

In the Hamel area, 2 businesses in the "Brick, Stone, and Related Construction Material Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 190 employees (compared to this company's 373) and received an average PPP loan of $2,247,263 (compared to this company's $4.42M).

Similar Nearby Businesses Who Received PPP Funding:

AL's Taping Tools And Spray
Hamel, MN

$71,226 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,253 businesses in the "Brick, Stone, and Related Construction Material Merchant Wholesalers" industry received a total of $372,043,686.00 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 13 employees, 97% lower than Max-Tech, Inc.'s reported 373 employees, and received an average PPP loan of $165,133, 96% lower than this company's loan of $4.42M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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 - The Civil Employee's Resource **