FederalPay.org
PPP Loan Data — North Clinic PA,
Minneapolis, MN
North Clinic PA
Entity: Corporation
Industry: Offices of Physicians (except Mental Health Specialists)
Location: Minneapolis, MN
Tweet This
•
Search All PPP Data
North Clinic PA is a corporation located at 9201 West Broadway Ave N in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,140,712.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 269 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
269Loan Approved:
2020-04-07Lender:
CITIZENS INDEPENDENT BANKNorth Clinic PA received a Paycheck Protection Loan of $4.14M through CITIZENS INDEPENDENT BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, North Clinic PA's total 2019 payroll expenses were approximately $19.88M in order to qualify for the PPP loan amount received.
Based on their reported 269 jobs retained, this equals an estimated average yearly compensation of $73,886 per employee1.
Business Information - North Clinic PA in Minneapolis, MN
9201 West Broadway Ave N
Minneapolis, MN 55445
Business Industry
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: Unreported
Congressional District: MN-03Similar Companies near Minneapolis
In the Minneapolis area, 4 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 68 employees (compared to this company's 269) and received an average PPP loan of $1,044,079 (compared to this company's $4.14M).
Similar Nearby Businesses Who Received PPP Funding:
Terrell Drew
Brooklyn Park, MN
Freedom Thru Faith Ministries
Brooklyn Park, MN
Stars And Stripes Anesthesia PLLC
Plymouth, MN
Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 96% lower than North Clinic PA's reported 269 employees, and received an average PPP loan of $138,136, 97% lower than this company's loan of $4.14M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!