PPP Loan Data — Productivity, Inc., Minneapolis, MN
Entity: Subchapter S Corporation
Location: Minneapolis, MNTweet This • Search All PPP Data
Productivity, Inc. is a subchapter s corporation located at 15150 25th Ave N. in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,888,145.00 in April, 2020.
$ PPP Loan Information
Lender:BREMER BANK, NATIONAL ASSOCIATION
Productivity, Inc. in Minneapolis, MN received a Paycheck Protection Loan of $4.89M through BREMER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Productivity, Inc.'s total 2019 payroll expenses were approximately $23.46M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $93,852 per employee1.
Business Information - Productivity, Inc. in Minneapolis, MN
15150 25th Ave N.
Minneapolis, MN 55447
Industrial Machinery and Equipment Merchant Wholesalers (NAICS code 423830)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-03
Similar Companies near Minneapolis
In the Minneapolis area, 6 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 250) and received an average PPP loan of $1,118,240 (compared to this company's $4.89M).
Similar Nearby Businesses Who Received PPP Funding:
Donald Zachary Jones
Paper Mill Surplus
Advanced Inspection Services
Hales Machine Tool Inc
Productivity Quality, Inc.
Industry PPP Comparison Statistics
Nationwide, 7,320 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a total of $1,713,685,837.00 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 15 employees, 94% lower than Productivity, Inc.'s reported 250 employees, and received an average PPP loan of $234,110, 95% lower than this company's loan of $4.89M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!