PPP Loan Data — Open Access Technology International, Inc., Minneapolis, MN
Open Access Technology International, Inc.
Location: Minneapolis, MNTweet This • Search All PPP Data
Open Access Technology International, Inc. is a corporation located at 3660 Technology Drive Ne in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $6,506,183.00 in April, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
Open Access Technology International, Inc. received a Paycheck Protection Loan of $6.51M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Open Access Technology International, Inc.'s total 2019 payroll expenses were approximately $31.23M in order to qualify for the PPP loan amount received.
Based on their reported 337 jobs retained, this equals an estimated average yearly compensation of $92,670 per employee1.
Business Information - Open Access Technology International, Inc. in Minneapolis, MN
3660 Technology Drive Ne
Minneapolis, MN 55418
Other Scientific and Technical Consulting Services (NAICS code 541690)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-05
Similar Companies near Minneapolis
In the Minneapolis area, 7 businesses in the "Other Scientific and Technical Consulting Services" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 337) and received an average PPP loan of $949,496 (compared to this company's $6.51M).
Similar Nearby Businesses Who Received PPP Funding:
Enterprise Management Solutions, Inc.
Industry PPP Comparison Statistics
Nationwide, 14,293 businesses in the "Other Scientific and Technical Consulting Services" industry received a total of $1,499,073,773.00 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 7 employees, 98% lower than Open Access Technology International, Inc.'s reported 337 employees, and received an average PPP loan of $104,882, 98% lower than this company's loan of $6.51M.
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