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PPP Loan Data — United Business Mail, Inc.,
Minneapolis, MN
United Business Mail, Inc.
Entity: Subchapter S Corporation
Industry: Postal Service
Location: Minneapolis, MN
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United Business Mail, Inc. is a subchapter s corporation located at 405 35th Avenue Ne in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,864,200.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
252Loan Approved:
2020-04-16Lender:
BREMER BANK, NATIONAL ASSOCIATIONUnited Business Mail, Inc. in Minneapolis, MN received a Paycheck Protection Loan of $2.86M through BREMER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, United Business Mail, Inc.'s total 2019 payroll expenses were approximately $13.75M in order to qualify for the PPP loan amount received.
Based on their reported 252 jobs retained, this equals an estimated average yearly compensation of $54,556 per employee1.
Business Information - United Business Mail, Inc. in Minneapolis, MN
405 35th Avenue Ne
Minneapolis, MN 55418
Business Industry
Postal Service (NAICS code 491110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MN-05Industry PPP Comparison Statistics
Nationwide, 500 businesses in the "Postal Service" industry received a total of $36,183,470.00 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 8 employees, 97% lower than United Business Mail, Inc.'s reported 252 employees, and received an average PPP loan of $72,367, 97% lower than this company's loan of $2.86M.
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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