PPP Loan Data — Lakewinds Natural Foods Cooperative, Eden Prairie, MN
Lakewinds Natural Foods Cooperative
Location: Eden Prairie, MNTweet This • Search All PPP Data
Lakewinds Natural Foods Cooperative is a cooperative located at 6321 Bury Drive, Suite 21 in Eden Prairie, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,429,700.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 350 people during the applicable loan loan period.
$ PPP Loan Information
Lender:OLD NATIONAL BANK
Lakewinds Natural Foods Cooperative in Eden Prairie, MN received a Paycheck Protection Loan of $2.43M through OLD NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lakewinds Natural Foods Cooperative's total 2019 payroll expenses were approximately $11.66M in order to qualify for the PPP loan amount received.
Based on their reported 350 jobs retained, this equals an estimated average yearly compensation of $33,322 per employee1.
Business Information - Lakewinds Natural Foods Cooperative in Eden Prairie, MN
6321 Bury Drive, Suite 21
Eden Prairie, MN 55346
Supermarkets and Other Grocery (except Convenience) Stores (NAICS code 445110)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MN-03
Industry PPP Comparison Statistics
Nationwide, 18,654 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a total of $2,017,651,016.00 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 19 employees, 95% lower than Lakewinds Natural Foods Cooperative's reported 350 employees, and received an average PPP loan of $108,162, 96% lower than this company's loan of $2.43M.
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