PPP Loan Data — Mains'L Services, Inc., Brooklyn Park, MN
Mains'L Services, Inc. is a subchapter s corporation located at 7000 78th Ave N in Brooklyn Park, Minnesota that received a Coronavirus-related PPP loan from the SBA of $3,180,000.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 435 people during the applicable loan loan period.
$ PPP Loan Information
Mains'L Services, Inc. received a Paycheck Protection Loan of $3.18M through NORTHEAST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mains'L Services, Inc.'s total 2019 payroll expenses were approximately $15.26M in order to qualify for the PPP loan amount received.
Based on their reported 435 jobs retained, this equals an estimated average yearly compensation of $35,090 per employee1.
Business Information - Mains'L Services, Inc. in Brooklyn Park, MN
7000 78th Ave N
Brooklyn Park, MN 55445
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: MN-03
Similar Companies near Brooklyn Park
In the Brooklyn Park area, 6 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 105 employees (compared to this company's 435) and received an average PPP loan of $742,212 (compared to this company's $3.18M).
Similar Nearby Businesses Who Received PPP Funding:
Chepston Home Healthcare LLC
Brooklyn Park, MN
Plateau Healthcare LLC
Brooklyn Park, MN
Lydias Best Home Health Carr LLC
Brooklyn Park, MN
New Hope Living & Nursing Services Inc
Industry PPP Comparison Statistics
Nationwide, 25,078 businesses in the "Home Health Care Services" industry received a total of $5,322,458,293.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 34 employees, 92% lower than Mains'L Services, Inc.'s reported 435 employees, and received an average PPP loan of $212,236, 93% lower than this company's loan of $3.18M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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