PPP Loan Data — Plains Grain & Agronomy Cooperative, Enderlin, ND
Plains Grain & Agronomy Cooperative is a cooperative located at 5415 136th Ave Se in Enderlin, North Dakota that received a Coronavirus-related PPP loan from the SBA of $738,130.00 in February, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:North Star Community CU
Plains Grain & Agronomy Cooperative in Enderlin, ND received a Paycheck Protection Loan of $738,130 through North Star Community CU, which was approved in February, 2021.
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, Plains Grain & Agronomy Cooperative's 2019 payroll expenses are estimated to be at least $3.54M.
Based on their reported 73 jobs retained, this equals an estimated average yearly compensation of $48,535 per employee1
Reported PPP Proceed Usage:
On the PPP application, Plains Grain & Agronomy Cooperative reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $738,130
Business Information - Plains Grain & Agronomy Cooperative in Enderlin, ND
5415 136th Ave Se
Enderlin, ND 58027
All Other Grain Farming
NAICS code 111199
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Enderlin
In the Enderlin area, 17 businesses in the "All Other Grain Farming" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 73) and received an average PPP loan of $101,838 (compared to this company's $738,130).
Similar Nearby Businesses Who Received PPP Funding:
Steven W. Trautman
Plains Grain And Agronomy
Ethan D. Bartholomay
Industry PPP Comparison Statistics
Nationwide, 39,476 businesses in the "All Other Grain Farming" industry received a total of $778.27M 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 2 employees, 97% lower than Plains Grain & Agronomy Cooperative's reported 73 employees, and received an average PPP loan of $19,715, 97% lower than this company's loan of $738,130.
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Footnotes & Information
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