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PPP Loan Data — The Lindgren Group,
Minneapolis, MN
The Lindgren Group
Entity: Subchapter S Corporation
Industry: Electroplating, Plating, Polishing, Anodizing, and Coloring
Location: Minneapolis, MN
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The Lindgren Group is a subchapter s corporation located at 2929 1st Ave S in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,818,900.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 235 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
235Loan Approved:
2020-04-11Lender:
BREMER BANK, NATIONAL ASSOCIATIONThe Lindgren Group received a Paycheck Protection Loan of $2.82M through BREMER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Lindgren Group's total 2019 payroll expenses were approximately $13.53M in order to qualify for the PPP loan amount received.
Based on their reported 235 jobs retained, this equals an estimated average yearly compensation of $57,578 per employee1.
Business Information - The Lindgren Group in Minneapolis, MN
2929 1st Ave S
Minneapolis, MN 55408
Business Industry
Electroplating, Plating, Polishing, Anodizing, and Coloring (NAICS code 332813)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: MN-05Industry PPP Comparison Statistics
Nationwide, 1,173 businesses in the "Electroplating, Plating, Polishing, Anodizing, and Coloring" industry received a total of $327,636,253.00 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 24 employees, 90% lower than The Lindgren Group's reported 235 employees, and received an average PPP loan of $279,315, 90% lower than this company's loan of $2.82M.
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.
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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