PPP Loan Data — Lutheran Social Services Of North Dakota, Fargo, ND
Lutheran Social Services Of North Dakota is a non-profit organization located at 3911 20th Ave. S. in Fargo, North Dakota that received a Coronavirus-related PPP loan from the SBA of $2,595,800.00 in April, 2020.
$ PPP Loan Information
Lender:BREMER BANK, NATIONAL ASSOCIATION
Lutheran Social Services Of North Dakota in Fargo, ND received a Paycheck Protection Loan of $2.6M through BREMER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lutheran Social Services Of North Dakota's total 2019 payroll expenses were approximately $12.46M in order to qualify for the PPP loan amount received.
Based on their reported 328 jobs retained, this equals an estimated average yearly compensation of $37,987 per employee1.
Business Information - Lutheran Social Services Of North Dakota in Fargo, ND
3911 20th Ave. S.
Fargo, ND 58104
Other Individual and Family Services (NAICS code 624190)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: ND-
Similar Companies near Fargo
In the Fargo area, 10 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 328) and received an average PPP loan of $810,621 (compared to this company's $2.6M).
Similar Nearby Businesses Who Received PPP Funding:
Catholic Charities North Dakota
The Village Family Service Center
Red River Human Services Foundation
Insight Behavioral Health Partners, LLC
Community Uplift Program
Industry PPP Comparison Statistics
Nationwide, 15,794 businesses in the "Other Individual and Family Services" industry received a total of $2,302,146,944.00 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 17 employees, 95% lower than Lutheran Social Services Of North Dakota's reported 328 employees, and received an average PPP loan of $145,761, 94% lower than this company's loan of $2.6M.
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