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PPP Loan Data — Ulland Brothers, Inc., Carlton, MN

SBA PPP loan data, payroll data, and salaries for Ulland Brothers, Inc.
MN

Ulland Brothers, Inc.

Entity: Subchapter S Corporation

Industry: Highway, Street, and Bridge Construction

Location: Carlton, MN

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Ulland Brothers, Inc. is a subchapter s corporation located at 1634 Mn Hwy 210 in Carlton, Minnesota that received a Coronavirus-related PPP loan from the SBA of $5,855,765.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.86M

Jobs Retained:

311

Loan Approved:

2020-04-14

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Ulland Brothers, Inc. in Carlton, MN received a Paycheck Protection Loan of $5.86M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Ulland Brothers, Inc.'s total 2019 payroll expenses were approximately $28.11M in order to qualify for the PPP loan amount received.

Based on their reported 311 jobs retained, this equals an estimated average yearly compensation of $90,378 per employee1.

Because the loan received by Ulland Brothers, 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 - Ulland Brothers, Inc. in Carlton, MN

Ulland Brothers, Inc.
1634 Mn Hwy 210
Carlton, MN 55718

Business Industry

Highway, Street, and Bridge Construction (NAICS code 237310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MN-08

Industry PPP Comparison Statistics

Nationwide, 7,070 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $2,867,987,409.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 26 employees, 92% lower than Ulland Brothers, Inc.'s reported 311 employees, and received an average PPP loan of $405,656, 93% lower than this company's loan of $5.86M.

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.

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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/ulland-brothers-inc-carlton-mn