PPP Loan Data — United Business Mail, Inc., Minneapolis, MN
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
Lender:BREMER BANK, NATIONAL ASSOCIATION
United 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
Postal Service (NAICS code 491110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-05
Industry 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.
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Footnotes & Information
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