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PPP Loan Data — Travis Schutz, Worthington, MN

ALERT: There are 2 PPP loans for a total of $21,730 in our database for businesses with the name "Travis Schutz" in Worthington, MN. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Travis Schutz
MN

Travis Schutz

Entity: Sole Proprietorship

Industry: General Freight Trucking, Long-Distance, Truckload

Location: Worthington, MN

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Travis Schutz is a sole proprietorship located in Worthington, Minnesota that received a Coronavirus-related PPP loan from the SBA of $10,865.00 in February, 2021.

$ PPP Loan Information
Loan #4605518405

Loan Size:

$10,865

Jobs Retained:

1

Loan Approved:

2021-02-06

Loan Status:

Ongoing Loan

Lender:

Border Bank

Travis Schutz in Worthington, MN received a Paycheck Protection Loan of $10,865 through Border Bank, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Travis Schutz reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $10,864
  • Utilities: $1

Business Information - Travis Schutz in Worthington, MN

Travis Schutz
Worthington, MN
* Full address is redacted to protect the privacy of individuals.

Business Industry:
General Freight Trucking, Long-Distance, Truckload
NAICS code 484121

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Nobles County, MN — SBA Office 0508 — Congressional District: MN-01

Similar Companies near Worthington

In the Worthington area, 9 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 1) and received an average PPP loan of $202,562 (compared to this company's $10,865).

Industry PPP Comparison Statistics

Nationwide, 112,754 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $4.56B 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 4 employees, 300% higher than Travis Schutz's reported 1 employees, and received an average PPP loan of $40,459, 272% higher than this company's loan of $10,865.

SBA PPP loan data, payroll data, and salaries for Travis Schutz
MN

Travis Schutz

Entity: Sole Proprietorship

Industry: All Other Support Activities for Transportation

Location: Worthington, MN

Search All PPP Data

Travis Schutz is a sole proprietorship located in Worthington, Minnesota that received a Coronavirus-related PPP loan from the SBA of $10,865.00 in April, 2020.

$ PPP Loan Information
Loan #4524947309

Loan Size:

$10,865

Jobs Retained:

1

Loan Approved:

2020-04-29

Loan Status:

Paid in Full or Forgiven

Lender:

Border Bank

Travis Schutz in Worthington, MN received a Paycheck Protection Loan of $10,865 through Border Bank, 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 February, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Travis Schutz reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $10,865

Business Information - Travis Schutz in Worthington, MN

Travis Schutz
Worthington, MN
* Full address is redacted to protect the privacy of individuals.

Business Industry:
All Other Support Activities for Transportation
NAICS code 488999

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Nobles County, MN — SBA Office 0508 — Congressional District: MN-01

Similar Companies near Worthington

In the Worthington area, 2 businesses in the "All Other Support Activities for Transportation" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 1) and received an average PPP loan of $170,535 (compared to this company's $10,865).

Similar Nearby Businesses Who Received PPP Funding:

Tri State Truck Wash, LLC
Worthington, MN

$330,205 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 18,325 businesses in the "All Other Support Activities for Transportation" industry received a total of $756.48M 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, 500% higher than Travis Schutz's reported 1 employees, and received an average PPP loan of $41,281, 280% higher than this company's loan of $10,865.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/travis-schutz-worthington-mn