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PPP Loan Data — Process Displays LLC,
Minneapolis, MN
Process Displays LLC
Entity: Limited Liability Company (LLC)
Industry: Commercial Printing (except Screen and Books)
Location: Minneapolis, MN
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Process Displays LLC is a limited liability company (LLC) located at 7108 31st Ave N in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
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PPP Loan Information
Loan #6578578502
Loan Size:
Jobs Retained:
300Loan Approved:
2021-03-04Loan Status:
Ongoing LoanLender:
Bridgewater BankProcess Displays LLC in Minneapolis, MN received a Paycheck Protection Loan of $2M through Bridgewater Bank, which was approved in March, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Process Displays LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $32,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Process Displays LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,997
- Utilities: $1
Business Information - Process Displays LLC in Minneapolis, MN
7108 31st Ave N
Minneapolis, MN 55427
Business Industry:
Commercial Printing (except Screen and Books)
NAICS code 323111
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Minneapolis
In the Minneapolis area, 23 businesses in the "Commercial Printing (except Screen and Books)" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 300) and received an average PPP loan of $660,399 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Philkot Inc
Golden Valley, MN
MSE Graphics LLC
Minneapolis, MN
The Meyers Printing Companies, Inc
Brooklyn Park, MN
Jon Print Graphics
New Hope, MN
Choice Graphics Inc
Minneapolis, MN
Great River Printing Services Inc
Minneapolis, MN
Presswrite Printing, Inc
St. Louis Park, MN
Gleason Enterprises LLC
Minneapolis, MN
Industry PPP Comparison Statistics
Nationwide, 23,850 businesses in the "Commercial Printing (except Screen and Books)" industry received a total of $3.07B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 96% lower than Process Displays LLC's reported 300 employees, and received an average PPP loan of $128,748, 94% lower than this company's loan of $2M.
Process Displays LLC
Entity: Limited Liability Company (LLC)
Industry: Sign Manufacturing
Location: Minneapolis, MN
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Process Displays LLC is a limited liability company (LLC) located at 7108 31st Ave N in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,795,500.00 in April, 2020.
$
PPP Loan Information
Loan #5672207001
Loan Size:
Jobs Retained:
298Loan Approved:
2020-04-06Loan Status:
Paid in Full or ForgivenLender:
Bridgewater BankProcess Displays LLC in Minneapolis, MN received a Paycheck Protection Loan of $4.8M through Bridgewater Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Process Displays LLC's 2019 payroll expenses are estimated to be at least $23.02M.
Based on their reported 298 jobs retained, this equals an estimated average yearly compensation of $77,243 per employee1
Reported PPP Proceed Usage:
On the PPP application, Process Displays LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,152,000
- Utilities: $35,500
- Rent: $528,000
- Debt Interest: $80,000
Business Information - Process Displays LLC in Minneapolis, MN
7108 31st Ave N
Minneapolis, MN 55427
Business Industry:
Sign Manufacturing
NAICS code 339950
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Minneapolis
In the Minneapolis area, 9 businesses in the "Sign Manufacturing" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 298) and received an average PPP loan of $658,874 (compared to this company's $4.8M).
Similar Nearby Businesses Who Received PPP Funding:
Serigraphics Sign Systems Inc
Minneapolis, MN
Twin Town Sign Company LLC
New Hope, MN
Hydes Group Inc
Brooklyn Park, MN
Kort Inc
Golden Valley, MN
Nathan Pingry
New Hope, MN
Serigraphics Sign Systems, Inc
Golden Valley, MN
King Signs Graphics & Imaging LLC
Brooklyn Park, MN
Imaginality Designs, LLC
Golden Valley, MN
Industry PPP Comparison Statistics
Nationwide, 9,532 businesses in the "Sign Manufacturing" industry received a total of $1.05B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 11 employees, 96% lower than Process Displays LLC's reported 298 employees, and received an average PPP loan of $109,767, 98% lower than this company's loan of $4.8M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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.
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