PPP Loan Data — Northland Securities, Inc., Minneapolis, MN
Northland Securities, Inc. is a corporation located at 150 South Fifth Street, Suite 3300 in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $3,092,700.00 in April, 2020.
$ PPP Loan Information
Northland Securities, Inc. received a Paycheck Protection Loan of $3.09M through BANKVISTA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Northland Securities, Inc.'s total 2019 payroll expenses were approximately $14.84M in order to qualify for the PPP loan amount received.
Based on their reported 153 jobs retained, this equals an estimated average yearly compensation of $97,026 per employee1.
Business Information - Northland Securities, Inc. in Minneapolis, MN
150 South Fifth Street, Suite 3300
Minneapolis, MN 55402
Securities Brokerage (NAICS code 523120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-05
Similar Companies near Minneapolis
In the Minneapolis area, 3 businesses in the "Securities Brokerage" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 153) and received an average PPP loan of $1,086,790 (compared to this company's $3.09M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 3,089 businesses in the "Securities Brokerage" industry received a total of $262,454,625.00 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 5 employees, 97% lower than Northland Securities, Inc.'s reported 153 employees, and received an average PPP loan of $84,964, 97% lower than this company's loan of $3.09M.
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Footnotes & Information
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