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PPP Loan Data — Blaine Brothers Maintenance, Inc., Minneapolis, MN

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

Blaine Brothers Maintenance, Inc.

Entity: Corporation

Industry: General Automotive Repair

Location: Minneapolis, MN

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Blaine Brothers Maintenance, Inc. is a corporation located at 10011 Xylite Street Ne in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,754,000.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 189 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.75M

Jobs Retained:

189

Loan Approved:

2020-04-09

Lender:

OLD NATIONAL BANK

Blaine Brothers Maintenance, Inc. in Minneapolis, MN received a Paycheck Protection Loan of $2.75M through OLD NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Blaine Brothers Maintenance, Inc.'s total 2019 payroll expenses were approximately $13.22M in order to qualify for the PPP loan amount received.

Based on their reported 189 jobs retained, this equals an estimated average yearly compensation of $69,943 per employee1.

Because the loan received by Blaine Brothers Maintenance, 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 - Blaine Brothers Maintenance, Inc. in Minneapolis, MN

Blaine Brothers Maintenance, Inc.
10011 Xylite Street Ne
Minneapolis, MN 55449

Business Industry

General Automotive Repair (NAICS code 811111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: MN-06

Similar Companies near Minneapolis

In the Minneapolis area, 12 businesses in the "General Automotive Repair" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 189) and received an average PPP loan of $311,075 (compared to this company's $2.75M).

Industry PPP Comparison Statistics

Nationwide, 53,447 businesses in the "General Automotive Repair" industry received a total of $2,671,701,258.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 97% lower than Blaine Brothers Maintenance, Inc.'s reported 189 employees, and received an average PPP loan of $49,988, 98% lower than this company's loan of $2.75M.

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.

Search FederalPay's Full PPP Loan Database

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/blaine-brothers-maintenance-inc-minneapolis-mn