PPP Loan Data — New Horizon Foods Inc, Minneapolis, MN
New Horizon Foods Inc is a subchapter s corporation located at 2207 Flag Ave in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,057,523.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
New Horizon Foods Inc received a Paycheck Protection Loan of $4.06M through PLATINUM BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, New Horizon Foods Inc's total 2019 payroll expenses were approximately $19.48M in order to qualify for the PPP loan amount received.
Unlike most businesses, New Horizon Foods Inc'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 - New Horizon Foods Inc in Minneapolis, MN
2207 Flag Ave
Minneapolis, MN 55426
Food Service Contractors (NAICS code 722310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-05
Similar Companies near Minneapolis
In the Minneapolis area, 4 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 0) and received an average PPP loan of $1,053,256 (compared to this company's $4.06M).
Similar Nearby Businesses Who Received PPP Funding:
New Hope, MN
SD Asia LLC
New Hope, MN
Knep Bros Inc
Industry PPP Comparison Statistics
Nationwide, 8,947 businesses in the "Food Service Contractors" industry received a total of $969,115,041.00 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, and received an average PPP loan of $108,317, 97% lower than this company's loan of $4.06M.
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Footnotes & Information
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