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PPP Loan Data — The Minnesota Orchestral Association, Minneapolis, MN

SBA PPP loan data, payroll data, and salaries for The Minnesota Orchestral Association
MN Nonprofit Organization

The Minnesota Orchestral Association

Entity: Non-profit Organization

Industry: Musical Groups and Artists

Location: Minneapolis, MN

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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

Loan Size:


Jobs Retained:


Loan Approved:




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.

Because the loan received by The Minnesota Orchestral Association is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - The Minnesota Orchestral Association in Minneapolis, MN

The Minnesota Orchestral Association
111 Nicollet Mall
Minneapolis, MN 55403

Business Industry

Musical Groups and Artists (NAICS code 711130)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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, and is published unmodified, as provided by the SBA.

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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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