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PPP Loan Data — Minneapolis Clinic Of Neurology, LTD, Minneapolis, MN

SBA PPP loan data, payroll data, and salaries for Minneapolis Clinic Of Neurology, LTD
MN

Minneapolis Clinic Of Neurology, LTD

Entity: Corporation

Industry: Offices of Physicians, Mental Health Specialists

Location: Minneapolis, MN

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Minneapolis Clinic Of Neurology, LTD is a corporation located at 4225 Golden Valley Road in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $3,774,322.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.77M

Jobs Retained:

254

Loan Approved:

2020-04-27

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Minneapolis Clinic Of Neurology, LTD received a Paycheck Protection Loan of $3.77M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Minneapolis Clinic Of Neurology, LTD's total 2019 payroll expenses were approximately $18.12M in order to qualify for the PPP loan amount received.

Based on their reported 254 jobs retained, this equals an estimated average yearly compensation of $71,326 per employee1.

Because the loan received by Minneapolis Clinic Of Neurology, LTD 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 - Minneapolis Clinic Of Neurology, LTD in Minneapolis, MN

Minneapolis Clinic Of Neurology, LTD
4225 Golden Valley Road
Minneapolis, MN 55422

Business Industry

Offices of Physicians, Mental Health Specialists (NAICS code 621112)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MN-05

Similar Companies near Minneapolis

In the Minneapolis area, 3 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a PPP loan. These local businesses reported an average of 90 employees (compared to this company's 254) and received an average PPP loan of $1,324,274 (compared to this company's $3.77M).

Industry PPP Comparison Statistics

Nationwide, 13,272 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a total of $1,260,960,972.00 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 8 employees, 97% lower than Minneapolis Clinic Of Neurology, LTD's reported 254 employees, and received an average PPP loan of $95,009, 97% lower than this company's loan of $3.77M.

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.

Search FederalPay's Full PPP Loan Database

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/minneapolis-clinic-of-neurology-ltd-minneapolis-mn