PPP Loan Data — The Lindgren Group, Minneapolis, MN
The Lindgren Group
Entity: Subchapter S Corporation
Location: Minneapolis, MNTweet This • Search All PPP Data
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
Lender:BREMER BANK, NATIONAL ASSOCIATION
The 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
Electroplating, Plating, Polishing, Anodizing, and Coloring (NAICS code 332813)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: MN-05
Industry 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.
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Footnotes & Information
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