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PPP Loan Data — American Preclinical Services, LLC, Minneapolis, MN

SBA PPP loan data, payroll data, and salaries for American Preclinical Services, LLC
MN

American Preclinical Services, LLC

Entity: Limited Liability Company (LLC)

Industry: Research and Development in Nanotechnology

Location: Minneapolis, MN

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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:

$3.41M

Jobs Retained:

235

Loan Approved:

2020-04-14

Lender:

FIFTH THIRD BANK

American 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.

Because the loan received by American Preclinical Services, LLC 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 - American Preclinical Services, LLC in Minneapolis, MN

American Preclinical Services, LLC
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-03

Industry 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.

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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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Source: www.federalpay.org/paycheck-protection-program/american-preclinical-services-llc-minneapolis-mn