PPP Loan Data — National Recoveries, Inc., Andover, MN
National Recoveries, Inc. is a subchapter s corporation located at 14735 Highway 65 Ne in Andover, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,021,708.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 421 people during the applicable loan loan period.
$ PPP Loan Information
National Recoveries, Inc. in Andover, MN received a Paycheck Protection Loan of $4.02M through VILLAGE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, National Recoveries, Inc.'s total 2019 payroll expenses were approximately $19.3M in order to qualify for the PPP loan amount received.
Based on their reported 421 jobs retained, this equals an estimated average yearly compensation of $45,853 per employee1.
Business Information - National Recoveries, Inc. in Andover, MN
14735 Highway 65 Ne
Andover, MN 55304
Collection Agencies (NAICS code 561440)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MN-06
Industry PPP Comparison Statistics
Nationwide, 1,688 businesses in the "Collection Agencies" industry received a total of $422,227,575.00 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 20 employees, 95% lower than National Recoveries, Inc.'s reported 421 employees, and received an average PPP loan of $250,135, 94% lower than this company's loan of $4.02M.
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Footnotes & Information
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