PPP Loan Data — Metropolitan Cardiac Services, Coon Rapids, MN
Metropolitan Cardiac Services
Entity: Non-profit Organization
Location: Coon Rapids, MNTweet This • Search All PPP Data
Metropolitan Cardiac Services is a non-profit organization located at 4040 Coon Rapids Blvd #120 in Coon Rapids, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,906,910.00 in May, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:WELLS FARGO BANK, NATIONAL ASSOCIATION
Metropolitan Cardiac Services in Coon Rapids, MN received a Paycheck Protection Loan of $2.91M through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Metropolitan Cardiac Services' total 2019 payroll expenses were approximately $13.95M in order to qualify for the PPP loan amount received.
Unlike most businesses, Metropolitan Cardiac Services' PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Metropolitan Cardiac Services in Coon Rapids, MN
4040 Coon Rapids Blvd #120
Coon Rapids, MN 55433
All Other Professional, Scientific, and Technical Services (NAICS code 541990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-03
Similar Companies near Coon Rapids
In the Coon Rapids area, 8 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 0) and received an average PPP loan of $505,461 (compared to this company's $2.91M).
Similar Nearby Businesses Who Received PPP Funding:
Betmar Languages, Inc.
Spring Lake Park, MN
Wcec Industrial Services LLC
Health Dimensions Revenue Professionals, LLC
Building Systems Solutions, Inc.
Schmidt & Ole Laboratory LLC
Supply Chain Solutions Inc.
Industry PPP Comparison Statistics
Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 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 6 employees, and received an average PPP loan of $74,488, 97% lower than this company's loan of $2.91M.
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