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PPP Loan Data — Mains'L Services, Inc., Brooklyn Park, MN

SBA PPP loan data, payroll data, and salaries for Mains'L Services, Inc.
MN

Mains'L Services, Inc.

Entity: Subchapter S Corporation

Industry: Home Health Care Services

Location: Brooklyn Park, MN

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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

Loan Size:

$3.18M

Jobs Retained:

435

Loan Approved:

2020-04-13

Lender:

NORTHEAST BANK

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.

Because the loan received by Mains'L Services, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Mains'L Services, Inc. in Brooklyn Park, MN

Mains'L Services, Inc.
7000 78th Ave N
Brooklyn Park, MN 55445

Business Industry

Home Health Care Services (NAICS code 621610)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional 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).

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/mainsl-services-inc-brooklyn-park-mn