PPP Loan Data — Critical Care Services, Inc., Minneapolis, MN
Critical Care Services, Inc.
Entity: Non-profit Organization
Location: Minneapolis, MNTweet This • Search All PPP Data
Critical Care Services, Inc. is a non-profit organization located at 8009 34th Ave S in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,742,300.00 in April, 2020.
$ PPP Loan Information
Lender:ALERUS FINANCIAL, NATIONAL ASSOCIATION
Critical Care Services, Inc. received a Paycheck Protection Loan of $2.74M through ALERUS FINANCIAL, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Critical Care Services, Inc.'s total 2019 payroll expenses were approximately $13.16M in order to qualify for the PPP loan amount received.
Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $87,754 per employee1.
Business Information - Critical Care Services, Inc. in Minneapolis, MN
8009 34th Ave S
Minneapolis, MN 55425
All Other Miscellaneous Ambulatory Health Care Services (NAICS code 621999)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-03
Similar Companies near Minneapolis
In the Minneapolis area, 4 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 150) and received an average PPP loan of $715,723 (compared to this company's $2.74M).
Similar Nearby Businesses Who Received PPP Funding:
Craig J Kalscheur
Capital Health Services, LLC
Industry PPP Comparison Statistics
Nationwide, 13,305 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a total of $1,358,409,224.00 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 11 employees, 93% lower than Critical Care Services, Inc.'s reported 150 employees, and received an average PPP loan of $102,098, 96% lower than this company's loan of $2.74M.
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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