PPP Loan Data — Intereum, Inc., Minneapolis, MN
Intereum, Inc. is a corporation located at 9800 8th Avenue North in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,591,300.00 in April, 2020.
$ PPP Loan Information
Intereum, Inc. in Minneapolis, MN received a Paycheck Protection Loan of $2.59M through ALLIANCE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Intereum, Inc.'s total 2019 payroll expenses were approximately $12.44M 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 $82,922 per employee1.
Business Information - Intereum, Inc. in Minneapolis, MN
9800 8th Avenue North
Minneapolis, MN 55441
Furniture Merchant Wholesalers (NAICS code 423210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-03
Similar Companies near Minneapolis
In the Minneapolis area, 2 businesses in the "Furniture Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 75 employees (compared to this company's 150) and received an average PPP loan of $1,333,715 (compared to this company's $2.59M).
Similar Nearby Businesses Who Received PPP Funding:
Fishman Carp Bescheinen & Van Berkom LTD
Industry PPP Comparison Statistics
Nationwide, 2,847 businesses in the "Furniture Merchant Wholesalers" industry received a total of $449,386,306.00 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 12 employees, 92% lower than Intereum, Inc.'s reported 150 employees, and received an average PPP loan of $157,846, 94% lower than this company's loan of $2.59M.
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Footnotes & Information
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