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PPP Loan Data — Intereum, Inc.,
Minneapolis, MN
Intereum, Inc.
Entity: Corporation
Industry: Furniture Merchant Wholesalers
Location: Minneapolis, MN
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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
Loan Size:
Jobs Retained:
150Loan Approved:
2020-04-04Lender:
ALLIANCE BANKIntereum, 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
Business Industry
Furniture Merchant Wholesalers (NAICS code 423210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MN-03Similar 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
Plylmouth, MN
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.
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.
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