PPP Loan Data — Nonin Medical, Inc., Minneapolis, MN
Nonin Medical, Inc. is a subchapter s corporation located at 13700 1st Ave in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $3,444,000.00 in April, 2020.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Nonin Medical, Inc. in Minneapolis, MN received a Paycheck Protection Loan of $3.44M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Nonin Medical, Inc.'s total 2019 payroll expenses were approximately $16.53M in order to qualify for the PPP loan amount received.
Based on their reported 216 jobs retained, this equals an estimated average yearly compensation of $76,533 per employee1.
Business Information - Nonin Medical, Inc. in Minneapolis, MN
13700 1st Ave
Minneapolis, MN 55441
Surgical and Medical Instrument Manufacturing (NAICS code 339112)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-03
Similar Companies near Minneapolis
In the Minneapolis area, 10 businesses in the "Surgical and Medical Instrument Manufacturing" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 216) and received an average PPP loan of $505,757 (compared to this company's $3.44M).
Similar Nearby Businesses Who Received PPP Funding:
NPX Medical, LLC
E Green Americas, LLC
Laser Peripherals, LLC
Interrad Medical, Inc.
Clarus Medical, LLC
Horse Sense Shoes, LLC
Industry PPP Comparison Statistics
Nationwide, 2,193 businesses in the "Surgical and Medical Instrument Manufacturing" industry received a total of $649,163,907.00 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 18 employees, 92% lower than Nonin Medical, Inc.'s reported 216 employees, and received an average PPP loan of $296,016, 91% lower than this company's loan of $3.44M.
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