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PPP Loan Data — Process Displays LLC,
Minneapolis, MN
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 Size:
Jobs Retained:
298Loan Approved:
2020-04-06Lender:
BRIDGEWATER BANKProcess Displays LLC in Minneapolis, MN received a Paycheck Protection Loan of $4.8M through BRIDGEWATER BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Process Displays LLC's total 2019 payroll expenses were approximately $23.02M in order to qualify for the PPP loan amount received.
Based on their reported 298 jobs retained, this equals an estimated average yearly compensation of $77,243 per employee1.
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 / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MN-05Similar Companies near Minneapolis
In the Minneapolis area, 4 businesses in the "Sign Manufacturing" industry received a PPP loan. These local businesses reported an average of 83 employees (compared to this company's 298) and received an average PPP loan of $1,306,613 (compared to this company's $4.8M).
Similar Nearby Businesses Who Received PPP Funding:
Kort Inc
Golden Valley, MN
King Signs Graphics & Imaging LLC
Brooklyn Park, MN
Serigraphics Sign Systems, Inc
Golden Valley, MN
Industry PPP Comparison Statistics
Nationwide, 5,450 businesses in the "Sign Manufacturing" industry received a total of $643,191,913.00 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 10 employees, 97% lower than Process Displays LLC's reported 298 employees, and received an average PPP loan of $118,017, 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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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