PPP Loan Data — Molin Concrete Products Company, Lino Lakes, MN
Molin Concrete Products Company is a corporation located at 415 Lilac Street in Lino Lakes, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,409,110.00 in May, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:WELLS FARGO BANK, NATIONAL ASSOCIATION
Molin Concrete Products Company received a Paycheck Protection Loan of $4.41M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Molin Concrete Products Company's total 2019 payroll expenses were approximately $21.16M in order to qualify for the PPP loan amount received.
Unlike most businesses, Molin Concrete Products Company's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Molin Concrete Products Company in Lino Lakes, MN
415 Lilac Street
Lino Lakes, MN 55014
Other Concrete Product Manufacturing (NAICS code 327390)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-06
Industry PPP Comparison Statistics
Nationwide, 1,005 businesses in the "Other Concrete Product Manufacturing" industry received a total of $284,964,400.00 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 22 employees, and received an average PPP loan of $283,547, 94% lower than this company's loan of $4.41M.
FederalPay's PPP Information Policy
Footnotes & Information
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