PPP Loan Data — Travis Anderson DBA None, Argyle, MN
Travis Anderson DBA None is a sole proprietorship located at 301 Bradford Ave in Argyle, Minnesota that received a Coronavirus-related PPP loan from the SBA of $25,427.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bremer Bank, National Association
Travis Anderson DBA None in Argyle, MN received a Paycheck Protection Loan of $25,427 through Bremer Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Travis Anderson DBA None's 2019 payroll expenses are estimated to be at least $122,050.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $61,025 per employee1
Reported PPP Proceed Usage:
On the PPP application, Travis Anderson DBA None reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,427
Business Information - Travis Anderson DBA None in Argyle, MN
301 Bradford Ave
Argyle, MN 56713
All Other Miscellaneous Crop Farming
NAICS code 111998
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Argyle
In the Argyle area, 13 businesses in the "All Other Miscellaneous Crop Farming" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $16,893 (compared to this company's $25,427).
Similar Nearby Businesses Who Received PPP Funding:
C & D Farms, Inc
Industry PPP Comparison Statistics
Nationwide, 27,661 businesses in the "All Other Miscellaneous Crop Farming" industry received a total of $1.14B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 200% higher than Travis Anderson DBA None's reported 2 employees, and received an average PPP loan of $41,062, 61% higher than this company's loan of $25,427.
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Footnotes & Information
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