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PPP Loan Data — Northern Air Corporation,
Vadnais Heights, MN
Northern Air Corporation
Entity: Subchapter S Corporation
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Vadnais Heights, MN
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Northern Air Corporation is a subchapter s corporation located at 1001 Labore Industrial Court, Ste B in Vadnais Heights, Minnesota that received a Coronavirus-related PPP loan from the SBA of $6,562,600.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 324 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
324Loan Approved:
2020-04-15Lender:
OLD NATIONAL BANKNorthern Air Corporation received a Paycheck Protection Loan of $6.56M through OLD NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Northern Air Corporation's total 2019 payroll expenses were approximately $31.5M in order to qualify for the PPP loan amount received.
Based on their reported 324 jobs retained, this equals an estimated average yearly compensation of $97,224 per employee1.
Business Information - Northern Air Corporation in Vadnais Heights, MN
1001 Labore Industrial Court, Ste B
Vadnais Heights, MN 55110
Business Industry
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: MN-04Similar Companies near Vadnais Heights
In the Vadnais Heights area, 13 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 324) and received an average PPP loan of $595,341 (compared to this company's $6.56M).
Similar Nearby Businesses Who Received PPP Funding:
White Bear Plumbing, Inc.
Saint Paul, MN
Spriggs, Inc.
Saint Paul, MN
Joshua Mahoney
Saint Paul, MN
White Bear Heating And Cooling, Inc.
Saint Paul, MN
Metro Sheet Metal, Incorporated
Saint Paul, MN
Paul The Plumber Inc
Saint Paul, MN
Heating & Cooling Exxperts LLC
Birchwood, MN
John Kurkowski Commercial Refrigeration, Air Conditioning An
Saint Paul, MN
Spriggs Plumbing And Heating, Inc.
Saint Paul, MN
Industry PPP Comparison Statistics
Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 97% lower than Northern Air Corporation's reported 324 employees, and received an average PPP loan of $154,981, 98% lower than this company's loan of $6.56M.
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.
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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