PPP Loan Data — Tony Downs Foods Co, Mankato, MN
Tony Downs Foods Co is a subchapter s corporation located at 54934 210th Lane in Mankato, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,331,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 434 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Tony Downs Foods Co in Mankato, MN received a Paycheck Protection Loan of $4.33M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Tony Downs Foods Co's total 2019 payroll expenses were approximately $20.79M in order to qualify for the PPP loan amount received.
Based on their reported 434 jobs retained, this equals an estimated average yearly compensation of $47,903 per employee1.
Business Information - Tony Downs Foods Co in Mankato, MN
54934 210th Lane
Mankato, MN 56001
Poultry Processing (NAICS code 311615)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: MN-01
Similar Companies near Mankato
In the Mankato area, 2 businesses in the "Poultry Processing" industry received a PPP loan. These local businesses reported an average of 238 employees (compared to this company's 434) and received an average PPP loan of $2,545,650 (compared to this company's $4.33M).
Similar Nearby Businesses Who Received PPP Funding:
Downs Food Group, Inc.
Industry PPP Comparison Statistics
Nationwide, 213 businesses in the "Poultry Processing" industry received a total of $148,516,793.00 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 68 employees, 84% lower than Tony Downs Foods Co's reported 434 employees, and received an average PPP loan of $697,262, 84% lower than this company's loan of $4.33M.
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Footnotes & Information
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