PPP Loan Data — Sinner Bros & Bresnahan, Casselton, ND
Sinner Bros & Bresnahan is a partnership located at 15681 35th St Se P.o. Box 549 in Casselton, North Dakota that received a Coronavirus-related PPP loan from the SBA of $46,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Sinner Bros & Bresnahan in Casselton, ND received a Paycheck Protection Loan of $46,500 through Cornerstone Bank, which was approved in April, 2020.
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 December, 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, Sinner Bros & Bresnahan's 2019 payroll expenses are estimated to be at least $223,200.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,400 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sinner Bros & Bresnahan reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,500
Business Information - Sinner Bros & Bresnahan in Casselton, ND
15681 35th St Se P.o. Box 549
Casselton, ND 58012
NAICS code 111110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Casselton
In the Casselton area, 31 businesses in the "Soybean Farming" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $32,105 (compared to this company's $46,500).
Similar Nearby Businesses Who Received PPP Funding:
Kasowski Brothers & Seifert Partnership
Frontier Agriculture LTD
Kasowski Grain Farm
Industry PPP Comparison Statistics
Nationwide, 57,165 businesses in the "Soybean Farming" industry received a total of $1.13B 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, 33% lower than Sinner Bros & Bresnahan's reported 3 employees, and received an average PPP loan of $19,731, 58% lower than this company's loan of $46,500.
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Footnotes & Information
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