PPP Loan Data — Novus Media LLC, Minneapolis, MN
Novus Media LLC is a limited liability company (LLC) located at 2 Carlson Pkwy Ste 400 in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $3,070,500.00 in April, 2020.
$ PPP Loan Information
Novus Media LLC received a Paycheck Protection Loan of $3.07M through CITIBANK, N.A., which was approved in April, 2020.
Based on standard PPP eligibility rules, Novus Media LLC's total 2019 payroll expenses were approximately $14.74M in order to qualify for the PPP loan amount received.
Based on their reported 177 jobs retained, this equals an estimated average yearly compensation of $83,268 per employee1.
Business Information - Novus Media LLC in Minneapolis, MN
2 Carlson Pkwy Ste 400
Minneapolis, MN 55447
Advertising Agencies (NAICS code 541810)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-03
Similar Companies near Minneapolis
In the Minneapolis area, 5 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 177) and received an average PPP loan of $991,389 (compared to this company's $3.07M).
Similar Nearby Businesses Who Received PPP Funding:
Veritas Marketing, LLC
Will Mckeand Creative LLC
Brands Plus Marketing
Allover Media, LLC
Industry PPP Comparison Statistics
Nationwide, 11,928 businesses in the "Advertising Agencies" industry received a total of $1,505,946,886.00 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 8 employees, 95% lower than Novus Media LLC's reported 177 employees, and received an average PPP loan of $126,253, 96% lower than this company's loan of $3.07M.
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Footnotes & Information
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