PPP Loan Data — Blaine Brothers Maintenance, Inc., Minneapolis, MN
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
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.
Business Information - Blaine Brothers Maintenance, Inc. in Minneapolis, MN
10011 Xylite Street Ne
Minneapolis, MN 55449
General Automotive Repair (NAICS code 811111)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Auto Air And Accesories, Inc.
Service Garage, Inc.
Dan's Complete Automotive Care Inc
Family Auto Towing Inc
Master Repair, Inc.
R P Auto Service, Inc.
Complete Auto Service Blaine Inc.
Kolstad Company, Inc.
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.
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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