PPP Loan Data — Nova Group, Gbc, Chaska, MN
Nova Group, Gbc is a corporation located at 1107 Hazeltine Blvd. in Chaska, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,722,200.00 in April, 2020.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Nova Group, Gbc received a Paycheck Protection Loan of $2.72M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Nova Group, Gbc's total 2019 payroll expenses were approximately $13.07M in order to qualify for the PPP loan amount received.
Based on their reported 154 jobs retained, this equals an estimated average yearly compensation of $84,848 per employee1.
Business Information - Nova Group, Gbc in Chaska, MN
1107 Hazeltine Blvd.
Chaska, MN 55318
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-03
Similar Companies near Chaska
In the Chaska area, 7 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 154) and received an average PPP loan of $493,713 (compared to this company's $2.72M).
Similar Nearby Businesses Who Received PPP Funding:
Questions & Solutions Engineering, Inc.
T W Lang & Associates Inc
MA Bielski & Associates, Inc
Power Products And Services Inc
Pivot Solutions LLC
Granite City Environmental LLC
Clear Lake, MN
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 91% lower than Nova Group, Gbc's reported 154 employees, and received an average PPP loan of $249,856, 91% lower than this company's loan of $2.72M.
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