PPP Loan Data — Minot Vocational Adjustment Wo, Minot, ND
Minot Vocational Adjustment Wo
Entity: Non-profit Organization
Location: Minot, NDTweet This • Search All PPP Data
Minot Vocational Adjustment Wo is a non-profit organization located at 605 27th St Se in Minot, North Dakota that received a Coronavirus-related PPP loan from the SBA of $3,395,200.00 in April, 2020.
The company has reported itself as a White male owned non-profit, and employed at least 309 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIRST INTERNATIONAL BANK & TRUST
Minot Vocational Adjustment Wo received a Paycheck Protection Loan of $3.4M through FIRST INTERNATIONAL BANK & TRUST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Minot Vocational Adjustment Wo's total 2019 payroll expenses were approximately $16.3M in order to qualify for the PPP loan amount received.
Based on their reported 309 jobs retained, this equals an estimated average yearly compensation of $52,741 per employee1.
Business Information - Minot Vocational Adjustment Wo in Minot, ND
605 27th St Se
Minot, ND 58701
Residential Intellectual and Developmental Disability Facilities (NAICS code 623210)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: ND-
Industry PPP Comparison Statistics
Nationwide, 1,775 businesses in the "Residential Intellectual and Developmental Disability Facilities" industry received a total of $836,841,517.00 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 61 employees, 80% lower than Minot Vocational Adjustment Wo's reported 309 employees, and received an average PPP loan of $471,460, 86% lower than this company's loan of $3.4M.
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Footnotes & Information
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