PPP Loan Data — United Language Group Inc., Minneapolis, MN
United Language Group Inc. is a corporation located at 1600 Utica Ave S Ste 750 in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,883,070.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
United Language Group Inc. received a Paycheck Protection Loan of $2.88M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, United Language Group Inc.'s total 2019 payroll expenses were approximately $13.84M in order to qualify for the PPP loan amount received.
Unlike most businesses, United Language Group Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - United Language Group Inc. in Minneapolis, MN
1600 Utica Ave S Ste 750
Minneapolis, MN 55416
Translation and Interpretation Services (NAICS code 541930)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-05
Similar Companies near Minneapolis
In the Minneapolis area, 3 businesses in the "Translation and Interpretation Services" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 0) and received an average PPP loan of $966,700 (compared to this company's $2.88M).
Similar Nearby Businesses Who Received PPP Funding:
St. Louis Park, MN
St Louis Park, MN
Industry PPP Comparison Statistics
Nationwide, 2,799 businesses in the "Translation and Interpretation Services" industry received a total of $120,752,692.00 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 4 employees, and received an average PPP loan of $43,141, 99% lower than this company's loan of $2.88M.
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Footnotes & Information
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