FederalPay.org
PPP Loan Data — Guthrie Theater Foundation,
Minneapolis, MN
Guthrie Theater Foundation
Entity: Non-profit Organization
Industry: Theater Companies and Dinner Theaters
Location: Minneapolis, MN
Tweet This
•
Search All PPP Data
Guthrie Theater Foundation is a non-profit organization located at 818 S. 2nd St. in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $3,165,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
337Loan Approved:
2020-04-09Lender:
OLD NATIONAL BANKGuthrie Theater Foundation in Minneapolis, MN received a Paycheck Protection Loan of $3.17M through OLD NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Guthrie Theater Foundation's total 2019 payroll expenses were approximately $15.19M in order to qualify for the PPP loan amount received.
Based on their reported 337 jobs retained, this equals an estimated average yearly compensation of $45,080 per employee1.
Business Information - Guthrie Theater Foundation in Minneapolis, MN
818 S. 2nd St.
Minneapolis, MN 55415
Business Industry
Theater Companies and Dinner Theaters (NAICS code 711110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MN-05Industry PPP Comparison Statistics
Nationwide, 4,100 businesses in the "Theater Companies and Dinner Theaters" industry received a total of $414,044,745.00 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 16 employees, 95% lower than Guthrie Theater Foundation's reported 337 employees, and received an average PPP loan of $100,987, 97% lower than this company's loan of $3.17M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!