PPP Loan Data — S.J. Electro System, Inc., Detroit Lakes, MN
S.J. Electro System, Inc.
Entity: Subchapter S Corporation
Location: Detroit Lakes, MNTweet This • Search All PPP Data
S.J. Electro System, Inc. is a subchapter s corporation located at 22650 County Highway 6 in Detroit Lakes, Minnesota that received a Coronavirus-related PPP loan from the SBA of $5,442,800.00 in April, 2020.
$ PPP Loan Information
Lender:BREMER BANK, NATIONAL ASSOCIATION
S.J. Electro System, Inc. received a Paycheck Protection Loan of $5.44M through BREMER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, S.J. Electro System, Inc.'s total 2019 payroll expenses were approximately $26.13M in order to qualify for the PPP loan amount received.
Based on their reported 339 jobs retained, this equals an estimated average yearly compensation of $77,066 per employee1.
Business Information - S.J. Electro System, Inc. in Detroit Lakes, MN
22650 County Highway 6
Detroit Lakes, MN 56501
Totalizing Fluid Meter and Counting Device Manufacturing (NAICS code 334514)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-07
Industry PPP Comparison Statistics
Nationwide, 90 businesses in the "Totalizing Fluid Meter and Counting Device Manufacturing" industry received a total of $25,317,759.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 19 employees, 94% lower than S.J. Electro System, Inc.'s reported 339 employees, and received an average PPP loan of $281,308, 95% lower than this company's loan of $5.44M.
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Footnotes & Information
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