A Minnesota-based manufacturing company has filed for bankruptcy protection, leaving several trucking companies on the hook for thousands of dollars.
On November 7, Red Lake Falls-based Eagle Manufacturing filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Minnesota.
The company had previously received a U.S. Small Business Administration’s Paycheck Protection Program (PPP) loan in the amount of $133,100. PPP loans were meant to help businesses keep their doors open during the economic hardship caused by the COVID-19 crisis.
In bankruptcy filings, Eagle Manufacturing listed a number of trucking companies as unsecured creditors, including Hartz Truck Line Inc., which is owed $15,500, FedEx Freight East, which is owed $11,600, and Becker Aggregate Trucking Inc., which is owed almost $4,000.
Eagle Manufacturing, formerly Northwest Manufacturing, Inc., produced outdoor furnaces.