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PPP Loan Data — Superior AG Resources Cooperative Inc, Huntingburg, IN

SBA PPP loan data, payroll data, and salaries for Superior AG Resources Cooperative Inc
IN

Superior AG Resources Cooperative Inc

Entity: Corporation

Industry: Nursery, Garden Center, and Farm Supply Stores

Location: Huntingburg, IN

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Superior AG Resources Cooperative Inc is a corporation located at 901 North Main St in Huntingburg, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,973,997.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.97M

Jobs Retained:

178

Loan Approved:

2020-04-10

Lender:

GERMAN AMERICAN BANK

Superior AG Resources Cooperative Inc in Huntingburg, IN received a Paycheck Protection Loan of $2.97M through GERMAN AMERICAN BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Superior AG Resources Cooperative Inc's total 2019 payroll expenses were approximately $14.28M in order to qualify for the PPP loan amount received.

Based on their reported 178 jobs retained, this equals an estimated average yearly compensation of $80,198 per employee1.

Because the loan received by Superior AG Resources Cooperative Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Superior AG Resources Cooperative Inc in Huntingburg, IN

Superior AG Resources Cooperative Inc
901 North Main St
Huntingburg, IN 47542

Business Industry

Nursery, Garden Center, and Farm Supply Stores (NAICS code 444220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IN-08

Industry PPP Comparison Statistics

Nationwide, 5,426 businesses in the "Nursery, Garden Center, and Farm Supply Stores" industry received a total of $604,698,392.00 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 14 employees, 92% lower than Superior AG Resources Cooperative Inc's reported 178 employees, and received an average PPP loan of $111,445, 96% lower than this company's loan of $2.97M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/superior-ag-resources-cooperative-inc-huntingburg-in