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PPP Loan Data — Thomas Allen, Inc,
Saint Paul, MN
Thomas Allen, Inc
Entity: Corporation
Industry: Residential Intellectual and Developmental Disability Facilities
Location: Saint Paul, MN
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Thomas Allen, Inc is a corporation located at 1550 Humboldt Ave in Saint Paul, Minnesota that received a Coronavirus-related PPP loan from the SBA of $5,773,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-08Lender:
BANKCHEROKEEThomas Allen, Inc in Saint Paul, MN received a Paycheck Protection Loan of $5.77M through BANKCHEROKEE, which was approved in April, 2020.
Based on standard PPP eligibility rules, Thomas Allen, Inc's total 2019 payroll expenses were approximately $27.71M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $55,421 per employee1.
Business Information - Thomas Allen, Inc in Saint Paul, MN
1550 Humboldt Ave
Saint Paul, MN 55118
Business Industry
Residential Intellectual and Developmental Disability Facilities (NAICS code 623210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MN-02Similar Companies near Saint Paul
In the Saint Paul area, 3 businesses in the "Residential Intellectual and Developmental Disability Facilities" industry received a PPP loan. These local businesses reported an average of 240 employees (compared to this company's 500) and received an average PPP loan of $2,499,333 (compared to this company's $5.77M).
Similar Nearby Businesses Who Received PPP Funding:
The Harbor Residential And Comm Svcs Inc
St. Paul, MN
The Phoenix Residence, Inc.
Saint Paul, MN
Industry PPP Comparison Statistics
Nationwide, 1,775 businesses in the "Residential Intellectual and Developmental Disability Facilities" industry received a total of $836,841,517.00 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 61 employees, 88% lower than Thomas Allen, Inc's reported 500 employees, and received an average PPP loan of $471,460, 92% lower than this company's loan of $5.77M.
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.
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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