PPP Loan Data — Christensen Group, Inc.,
Eden Prairie, MN
Christensen Group, Inc.
Entity: Corporation
Industry: Insurance Agencies and Brokerages
Location: Eden Prairie, MN

Christensen Group, Inc. is a corporation located at 9855 W. 78th St, Suite 100 in Eden Prairie, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,437,800.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
153Loan Approved:
2020-04-04Lender:
WESTFIELD BANK, FSBChristensen Group, Inc. received a Paycheck Protection Loan of $2.44M through WESTFIELD BANK, FSB, which was approved in April, 2020.
Based on standard PPP eligibility rules, Christensen Group, Inc.'s total 2019 payroll expenses were approximately $11.7M in order to qualify for the PPP loan amount received.
Based on their reported 153 jobs retained, this equals an estimated average yearly compensation of $76,480 per employee1.
Business Information - Christensen Group, Inc. in Eden Prairie, MN
9855 W. 78th St, Suite 100
Eden Prairie, MN 55344
Business Industry
Insurance Agencies and Brokerages (NAICS code 524210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MN-03Similar Companies near Eden Prairie
In the Eden Prairie area, 46 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 153) and received an average PPP loan of $206,023 (compared to this company's $2.44M).
Similar Nearby Businesses Who Received PPP Funding:
Nicholas Rollins Agency LLC
Eden Prairie, MN
Ross Nesbit Agencies Inc.
Minnetonka, MN
Prairie Financial Group LLC
Eden Prairie, MN
Jonathan Kreun
Hopkins, MN
TD Taylor, Inc.
Minnetonka, MN
Lindahl Insurance & Financial Services Inc
Hopkins, MN
Matthew W Miller Agency, Inc
Minnetonka, MN
Alexander L. Morrall
Minnetonka, MN
Brandi Warmbier Insurance Agency LLC
Eden Prairie, MN
Industry PPP Comparison Statistics
Nationwide, 90,958 businesses in the "Insurance Agencies and Brokerages" industry received a total of $4,494,836,388.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 97% lower than Christensen Group, Inc.'s reported 153 employees, and received an average PPP loan of $49,417, 98% lower than this company's loan of $2.44M.
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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