PPP Loan Data — Health Systems Cooperative Laundries, Saint Paul, MN
Health Systems Cooperative Laundries is a corporation located at 55 East 5th Street Suite 960 in Saint Paul, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,817,600.00 in April, 2020.
$ PPP Loan Information
Lender:BREMER BANK, NATIONAL ASSOCIATION
Health Systems Cooperative Laundries in Saint Paul, MN received a Paycheck Protection Loan of $2.82M through BREMER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Health Systems Cooperative Laundries' total 2019 payroll expenses were approximately $13.52M in order to qualify for the PPP loan amount received.
Based on their reported 327 jobs retained, this equals an estimated average yearly compensation of $41,359 per employee1.
Business Information - Health Systems Cooperative Laundries in Saint Paul, MN
55 East 5th Street Suite 960
Saint Paul, MN 55101
Linen Supply (NAICS code 812331)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-04
Industry PPP Comparison Statistics
Nationwide, 501 businesses in the "Linen Supply" industry received a total of $193,937,933.00 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 38 employees, 88% lower than Health Systems Cooperative Laundries' reported 327 employees, and received an average PPP loan of $387,102, 86% lower than this company's loan of $2.82M.
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Footnotes & Information
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