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PPP Loan Data — Scott Mcconnell, Amenia, ND

ALERT: There are 2 PPP loans for a total of $37,193 in our database for businesses with the name "Scott Mcconnell" in Amenia, ND. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Scott Mcconnell
ND

Scott Mcconnell

Entity: Sole Proprietorship

Industry: General Freight Trucking, Long-Distance, Truckload

Location: Amenia, ND

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Scott Mcconnell is a sole proprietorship located in Amenia, North Dakota that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in March, 2021.

The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #2258038605

Loan Size:

$20,833

Jobs Retained:

1

Loan Approved:

2021-03-13

Loan Status:

Paid in Full or Forgiven

Lender:

BankNorth

Scott Mcconnell in Amenia, ND received a Paycheck Protection Loan of $20,833 through BankNorth, which was approved in March, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in August, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Scott Mcconnell reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,832
  • Utilities: $1

Business Information - Scott Mcconnell in Amenia, ND

Scott Mcconnell
Amenia, ND
* Full address is redacted to protect the privacy of individuals.

Business Industry:
General Freight Trucking, Long-Distance, Truckload
NAICS code 484121

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cass County, ND — SBA Office 0875 — Congressional District: ND-

Similar Companies near Amenia

In the Amenia area, 2 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $20,833 (compared to this company's $20,833).

Similar Nearby Businesses Who Received PPP Funding:

Argusville Trucking LLC
Argusville, ND

$20,832 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 112,754 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $4.56B 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 4 employees, 300% higher than Scott Mcconnell's reported 1 employees, and received an average PPP loan of $40,459, 94% higher than this company's loan of $20,833.

SBA PPP loan data, payroll data, and salaries for Scott Mcconnell
ND

Scott Mcconnell

Entity: Sole Proprietorship

Industry: Soybean Farming

Location: Amenia, ND

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Scott Mcconnell is a sole proprietorship located in Amenia, North Dakota that received a Coronavirus-related PPP loan from the SBA of $16,360.00 in March, 2021.

The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #2018968603

Loan Size:

$16,360

Jobs Retained:

1

Loan Approved:

2021-03-13

Loan Status:

Paid in Full or Forgiven

Lender:

BankNorth

Scott Mcconnell in Amenia, ND received a Paycheck Protection Loan of $16,360 through BankNorth, which was approved in March, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in August, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Scott Mcconnell reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $16,359
  • Utilities: $1

Business Information - Scott Mcconnell in Amenia, ND

Scott Mcconnell
Amenia, ND
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Soybean Farming
NAICS code 111110

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cass County, ND — SBA Office 0875 — Congressional District: ND-

Similar Companies near Amenia

In the Amenia area, 18 businesses in the "Soybean Farming" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $21,090 (compared to this company's $16,360).

Industry PPP Comparison Statistics

Nationwide, 56,818 businesses in the "Soybean Farming" industry received a total of $1.11B 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, 100% higher than Scott Mcconnell's reported 1 employees, and received an average PPP loan of $19,606, 20% higher than this company's loan of $16,360.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/scott-mcconnell-amenia-nd