PPP Loan Data — Northwest Tire Inc, Bismarck, ND
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
Lender:AMERICAN BANK CENTER
Northwest 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
Tire Dealers (NAICS code 441320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional 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.
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Footnotes & Information
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