PPP Loan Data — Christensen Group, Inc., 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
Lender:WESTFIELD BANK, FSB
Christensen 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
Insurance Agencies and Brokerages (NAICS code 524210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-03
Similar 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.
Prairie Financial Group LLC
Eden Prairie, MN
TD Taylor, Inc.
Lindahl Insurance & Financial Services Inc
Matthew W Miller Agency, Inc
Alexander L. Morrall
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.
Have FederalPay.org's open data tools been valuable? Consider donating!