PPP Loan Data — The Minnesota Orchestral Association, Minneapolis, MN
The Minnesota Orchestral Association is a non-profit organization located at 111 Nicollet Mall in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,503,852.00 in April, 2020.
$ PPP Loan Information
Lender:U.S. BANK, NATIONAL ASSOCIATION
The Minnesota Orchestral Association in Minneapolis, MN received a Paycheck Protection Loan of $4.5M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Minnesota Orchestral Association's total 2019 payroll expenses were approximately $21.62M in order to qualify for the PPP loan amount received.
Based on their reported 423 jobs retained, this equals an estimated average yearly compensation of $51,108 per employee1.
Business Information - The Minnesota Orchestral Association in Minneapolis, MN
111 Nicollet Mall
Minneapolis, MN 55403
Musical Groups and Artists (NAICS code 711130)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-05
Similar Companies near Minneapolis
In the Minneapolis area, 8 businesses in the "Musical Groups and Artists" industry received a PPP loan. These local businesses reported an average of 62 employees (compared to this company's 423) and received an average PPP loan of $619,091 (compared to this company's $4.5M).
Similar Nearby Businesses Who Received PPP Funding:
The Minnesota Chorale
The Copper Street Brass Quintet Nonprofit
Twin Cities Gay Men's Chorus
Industry PPP Comparison Statistics
Nationwide, 6,520 businesses in the "Musical Groups and Artists" industry received a total of $269,690,233.00 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 6 employees, 99% lower than The Minnesota Orchestral Association's reported 423 employees, and received an average PPP loan of $41,364, 99% lower than this company's loan of $4.5M.
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Footnotes & Information
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