PPP Loan Data — Interplastic Corporation, St Paul, MN
Interplastic Corporation is a subchapter s corporation located at 1225 Willow Lake Road in St Paul, Minnesota that received a Coronavirus-related PPP loan from the SBA of $7,000,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 343 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BRIDGE COMMUNITY BANK
Interplastic Corporation in St Paul, MN received a Paycheck Protection Loan of $7M through BRIDGE COMMUNITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Interplastic Corporation's total 2019 payroll expenses were approximately $33.6M in order to qualify for the PPP loan amount received.
Based on their reported 343 jobs retained, this equals an estimated average yearly compensation of $97,959 per employee1.
Business Information - Interplastic Corporation in St Paul, MN
1225 Willow Lake Road
St Paul, MN 55110
Plastics Material and Resin Manufacturing (NAICS code 325211)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: MN-04
Industry PPP Comparison Statistics
Nationwide, 858 businesses in the "Plastics Material and Resin Manufacturing" industry received a total of $311,116,969.00 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 29 employees, 92% lower than Interplastic Corporation's reported 343 employees, and received an average PPP loan of $362,607, 95% lower than this company's loan of $7M.
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Footnotes & Information
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