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PPP Loan Data — St. Cloud Refrigeration, Inc.,
Saint Cloud, MN
St. Cloud Refrigeration, Inc.
Entity: Corporation
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Saint Cloud, MN
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St. Cloud Refrigeration, Inc. is a corporation located at 604 Lincoln Ave Ne in Saint Cloud, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,224,168.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-14Lender:
U.S. BANK, NATIONAL ASSOCIATIONSt. Cloud Refrigeration, Inc. received a Paycheck Protection Loan of $4.22M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, St. Cloud Refrigeration, Inc.'s total 2019 payroll expenses were approximately $20.28M in order to qualify for the PPP loan amount received.
Unlike most businesses, St. Cloud Refrigeration, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - St. Cloud Refrigeration, Inc. in Saint Cloud, MN
604 Lincoln Ave Ne
Saint Cloud, MN 56304
Business Industry
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MN-06Similar Companies near Saint Cloud
In the Saint Cloud area, 6 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 0) and received an average PPP loan of $1,088,337 (compared to this company's $4.22M).
Similar Nearby Businesses Who Received PPP Funding:
Mike Scholtes Refrigeration Inc
Saint Cloud, MN
JM Heating, Cooling And Geo Services LLC
Saint Cloud, MN
St. Cloud Heating & Air Condition, Inc
Saint Cloud, MN
El-Jay Plumbing & Heating, Inc
Saint Cloud, MN
Mechanical Energy Systems, Inc.
Saint Cloud, MN
Industry PPP Comparison Statistics
Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, and received an average PPP loan of $154,981, 96% lower than this company's loan of $4.22M.
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.
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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