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PPP Loan Data — Northwest Tire Inc,
Bismarck, ND
Northwest Tire Inc
Entity: Corporation
Industry: Tire Dealers
Location: Bismarck, ND
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Northwest Tire Inc is a corporation located at 1615 Bismarck Expy in Bismarck, North Dakota that received a Coronavirus-related PPP loan from the SBA of $3,058,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
295Loan Approved:
2020-04-05Lender:
AMERICAN BANK CENTERNorthwest Tire Inc in Bismarck, ND received a Paycheck Protection Loan of $3.06M through AMERICAN BANK CENTER, which was approved in April, 2020.
Based on standard PPP eligibility rules, Northwest Tire Inc's total 2019 payroll expenses were approximately $14.68M in order to qualify for the PPP loan amount received.
Based on their reported 295 jobs retained, this equals an estimated average yearly compensation of $49,757 per employee1.
Business Information - Northwest Tire Inc in Bismarck, ND
1615 Bismarck Expy
Bismarck, ND 58506
Business Industry
Tire Dealers (NAICS code 441320)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: NON-VETERAN
Congressional District: ND-Industry PPP Comparison Statistics
Nationwide, 5,869 businesses in the "Tire Dealers" industry received a total of $664,120,532.00 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 11 employees, 96% lower than Northwest Tire Inc's reported 295 employees, and received an average PPP loan of $113,157, 96% lower than this company's loan of $3.06M.
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, 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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