PPP Loan Data — American Preclinical Services, LLC,
Minneapolis, MN
American Preclinical Services, LLC
Entity: Limited Liability Company (LLC)
Industry: Research and Development in Nanotechnology
Location: Minneapolis, MN

American Preclinical Services, LLC is a limited liability company (LLC) located at 8945 Evergreen Boulevard Nw in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $3,409,925.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 235 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
235Loan Approved:
2020-04-14Lender:
FIFTH THIRD BANKAmerican Preclinical Services, LLC received a Paycheck Protection Loan of $3.41M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, American Preclinical Services, LLC's total 2019 payroll expenses were approximately $16.37M in order to qualify for the PPP loan amount received.
Based on their reported 235 jobs retained, this equals an estimated average yearly compensation of $69,650 per employee1.
Business Information - American Preclinical Services, LLC in Minneapolis, MN
8945 Evergreen Boulevard Nw
Minneapolis, MN 55433
Business Industry
Research and Development in Nanotechnology (NAICS code 541713)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: MN-03Industry PPP Comparison Statistics
Nationwide, 568 businesses in the "Research and Development in Nanotechnology" industry received a total of $121,547,035.00 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 12 employees, 95% lower than American Preclinical Services, LLC's reported 235 employees, and received an average PPP loan of $213,991, 94% lower than this company's loan of $3.41M.
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.
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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