PPP Loan Data — Minco Products, Inc, Minneapolis, MN
Minco Products, Inc is a subchapter s corporation located at 7300 Commerce Lane Ne in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $8,457,480.00 in June, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:BREMER BANK, NATIONAL ASSOCIATION
Minco Products, Inc in Minneapolis, MN received a Paycheck Protection Loan of $8.46M through BREMER BANK, NATIONAL ASSOCIATION, which was approved in June, 2020.
Based on standard PPP eligibility rules, Minco Products, Inc's total 2019 payroll expenses were approximately $40.6M in order to qualify for the PPP loan amount received.
Unlike most businesses, Minco Products, Inc's 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 - Minco Products, Inc in Minneapolis, MN
7300 Commerce Lane Ne
Minneapolis, MN 55432
Other Electronic Component Manufacturing (NAICS code 334419)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-05
Similar Companies near Minneapolis
In the Minneapolis area, 2 businesses in the "Other Electronic Component Manufacturing" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 0) and received an average PPP loan of $4,305,090 (compared to this company's $8.46M).
Similar Nearby Businesses Who Received PPP Funding:
Mission Technologies, Inc.
Industry PPP Comparison Statistics
Nationwide, 1,514 businesses in the "Other Electronic Component Manufacturing" industry received a total of $388,003,044.00 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 20 employees, and received an average PPP loan of $256,277, 97% lower than this company's loan of $8.46M.
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Footnotes & Information
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