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PPP Loan Data — Minnesota Historical Society,
Saint Paul, MN
Minnesota Historical Society
Entity: Non-profit Organization
Industry: Museums
Location: Saint Paul, MN
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Minnesota Historical Society is a non-profit organization located at 345 Kellogg Blvd W in Saint Paul, Minnesota that received a Coronavirus-related PPP loan from the SBA of $5,000,000.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-05-05Lender:
U.S. BANK, NATIONAL ASSOCIATIONMinnesota Historical Society received a Paycheck Protection Loan of $5M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Minnesota Historical Society's total 2019 payroll expenses were approximately $24M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $48,000 per employee1.
Business Information - Minnesota Historical Society in Saint Paul, MN
345 Kellogg Blvd W
Saint Paul, MN 55102
Business Industry
Museums (NAICS code 712110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MN-04Similar Companies near Saint Paul
In the Saint Paul area, 6 businesses in the "Museums" industry received a PPP loan. These local businesses reported an average of 111 employees (compared to this company's 500) and received an average PPP loan of $1,857,833 (compared to this company's $5M).
Similar Nearby Businesses Who Received PPP Funding:
Minnesota Children's Museum
Saint Paul, MN
The Science Museum Of Minnesota
Saint Paul, MN
Exhibits Development Group, LLC
Saint Paul, MN
Public Art Saint Paul
Saint Paul, MN
Minnesota Museum Of American Art
Saint Paul, MN
Industry PPP Comparison Statistics
Nationwide, 4,135 businesses in the "Museums" industry received a total of $670,583,040.00 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 16 employees, 97% lower than Minnesota Historical Society's reported 500 employees, and received an average PPP loan of $162,172, 97% lower than this company's loan of $5M.
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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