PPP Loan Data — The Aagard Group LLC, Alexandria, MN
The Aagard Group LLC is a limited liability company (LLC) located at 3711 Iowa Street in Alexandria, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,881,100.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 225 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BREMER BANK, NATIONAL ASSOCIATION
The Aagard Group LLC received a Paycheck Protection Loan of $2.88M through BREMER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Aagard Group LLC's total 2019 payroll expenses were approximately $13.83M in order to qualify for the PPP loan amount received.
Based on their reported 225 jobs retained, this equals an estimated average yearly compensation of $61,463 per employee1.
Business Information - The Aagard Group LLC in Alexandria, MN
3711 Iowa Street
Alexandria, MN 56308
Packaging Machinery Manufacturing (NAICS code 333993)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: MN-07
Industry PPP Comparison Statistics
Nationwide, 364 businesses in the "Packaging Machinery Manufacturing" industry received a total of $135,955,911.00 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 23 employees, 90% lower than The Aagard Group LLC's reported 225 employees, and received an average PPP loan of $373,505, 87% lower than this company's loan of $2.88M.
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Footnotes & Information
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