PPP Loan Data — Liquid Screen Design, LLC, Minneapolis, MN
Liquid Screen Design, LLC
Entity: Limited Liability Company (LLC)
Location: Minneapolis, MNTweet This • Search All PPP Data
Liquid Screen Design, LLC is a limited liability company (LLC) located at 3606 Garfield Ave S in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $46,106.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Park State Bank
Liquid Screen Design, LLC in Minneapolis, MN received a Paycheck Protection Loan of $46,106 through Park State Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Liquid Screen Design, LLC's 2019 payroll expenses are estimated to be at least $221,309.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,885 per employee1
Reported PPP Proceed Usage:
On the PPP application, Liquid Screen Design, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,106
Business Information - Liquid Screen Design, LLC in Minneapolis, MN
3606 Garfield Ave S
Minneapolis, MN 55409
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Minneapolis
In the Minneapolis area, 22 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 6) and received an average PPP loan of $42,889 (compared to this company's $46,106).
Similar Nearby Businesses Who Received PPP Funding:
Background Stories Co
Kshitij M Pendurkar
RP Cycling Inc
Karen Willette, PHD., LP., PA
Aurora Strategic Advisors, Inc
Industry PPP Comparison Statistics
Nationwide, 129,763 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.41B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 17% lower than Liquid Screen Design, LLC's reported 6 employees, and received an average PPP loan of $57,091, 24% higher than this company's loan of $46,106.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!