PPP Loan Data — The Minneapolis Society Of Fine Arts, Minneapolis, MN
The Minneapolis Society Of Fine Arts is a non-profit organization located at 2400 3rd Ave. S in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $3,586,900.00 in April, 2020.
$ PPP Loan Information
Lender:OLD NATIONAL BANK
The Minneapolis Society Of Fine Arts in Minneapolis, MN received a Paycheck Protection Loan of $3.59M through OLD NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Minneapolis Society Of Fine Arts' total 2019 payroll expenses were approximately $17.22M in order to qualify for the PPP loan amount received.
Based on their reported 321 jobs retained, this equals an estimated average yearly compensation of $53,636 per employee1.
Business Information - The Minneapolis Society Of Fine Arts in Minneapolis, MN
2400 3rd Ave. S
Minneapolis, MN 55404
Museums (NAICS code 712110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-05
Similar Companies near Minneapolis
In the Minneapolis area, 4 businesses in the "Museums" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 321) and received an average PPP loan of $964,213 (compared to this company's $3.59M).
Similar Nearby Businesses Who Received PPP Funding:
Hennepin History Museum
Midwest Art Conservation Center, Inc.
Groveland Gallery, Inc
Industry PPP Comparison Statistics
Nationwide, 4,135 businesses in the "Museums" industry received a total of $670,583,040.00 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 16 employees, 95% lower than The Minneapolis Society Of Fine Arts' reported 321 employees, and received an average PPP loan of $162,172, 95% lower than this company's loan of $3.59M.
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Footnotes & Information
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