PPP Loan Data — Oxygen Service Co, Inc, Saint Paul, MN
Oxygen Service Co, Inc
Entity: Employee Stock Ownership Plan(esop)
Location: Saint Paul, MNTweet This • Search All PPP Data
Oxygen Service Co, Inc is an employee stock ownership plan(esop) located at 1111 Pierce Butler Route in Saint Paul, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,249,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 109 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bremer Bank, National Association
Oxygen Service Co, Inc in Saint Paul, MN received a Paycheck Protection Loan of $2.25M through Bremer Bank, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Oxygen Service Co, Inc's 2019 payroll expenses are estimated to be at least $10.8M.
Based on their reported 109 jobs retained, this equals an estimated average yearly compensation of $99,047 per employee1
Reported PPP Proceed Usage:
On the PPP application, Oxygen Service Co, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,249,200
Business Information - Oxygen Service Co, Inc in Saint Paul, MN
1111 Pierce Butler Route
Saint Paul, MN 55104
Other Chemical and Allied Products Merchant Wholesalers
NAICS code 424690
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,270 businesses in the "Other Chemical and Allied Products Merchant Wholesalers" industry received a total of $509.15M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 89% lower than Oxygen Service Co, Inc's reported 109 employees, and received an average PPP loan of $155,704, 93% lower than this company's loan of $2.25M.
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Footnotes & Information
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