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PPP Loan Data — PDI Foods LLC,
North Branch, MN
PDI Foods LLC
Entity: Limited Liability Company (LLC)
Industry: Full-Service Restaurants
Location: North Branch, MN
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PDI Foods LLC is a limited liability company (LLC) located at 6041 Main St in North Branch, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,826,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-06Lender:
BANKCHEROKEEPDI Foods LLC in North Branch, MN received a Paycheck Protection Loan of $2.83M through BANKCHEROKEE, which was approved in April, 2020.
Based on standard PPP eligibility rules, PDI Foods LLC's total 2019 payroll expenses were approximately $13.56M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $27,130 per employee1.
Business Information - PDI Foods LLC in North Branch, MN
6041 Main St
North Branch, MN 55056
Business Industry
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MN-08Similar Companies near North Branch
In the North Branch area, 22 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 500) and received an average PPP loan of $219,078 (compared to this company's $2.83M).
Similar Nearby Businesses Who Received PPP Funding:
Nbfr LLC
North Branch, MN
Pizza Pub Of North Branch, LLC
North Branch, MN
Loupat Corporation
Newport, MN
Lagom Cafe LLC
Northfield, MN
Schakeman, Inc.
Northfield, MN
E&R Services Of Northfield, Inc.
Northfield, MN
Don Julio North Branch Inc
North Branch, MN
Basil's Pizza, Inc.
Northfield, MN
Tanzenwald Brewing Company LLC
Northfield, MN
Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 96% lower than PDI Foods LLC's reported 500 employees, and received an average PPP loan of $116,685, 96% lower than this company's loan of $2.83M.
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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