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PPP loans in Hennepin County, Minnesota

Each amount is what the Small Business Administration approved, as SBA published it, and says nothing more about the borrower. SBA guaranteed 50,719 Paycheck Protection Program loans for businesses it recorded in Hennepin County, $5.6 billion in all.

Hennepin County, as of September 30, 2024

$5.6 billion
Approved
$5,571,706,390
33.6% of the $16.6 billion approved in Minnesota.
50,719
Loans
37,515 first draws and 13,204 second draws.
93.6%
Forgiven
47,457 of 50,719 loans carry a forgiveness amount, $5.4 billion in all.
4.7%
Charged off
2,406 of 50,719 loans, approved for $69.2 million. That is the loans' size, not what SBA lost.

The largest borrowers in Hennepin County · 2020–21

1 more column on a wider screen

The largest borrowers in Hennepin County, 2020–21
RankNameUSD
1Border Foods Inc, Minneapolis$10.0 million
1Christopher & Banks Corporation, Minneapolis$10.0 million
1Doherty Staffing Solutions, Inc, Edina$10.0 million
1Egan Company, Minneapolis$10.0 million
1Fourteen Foods, LLC, Minneapolis$10.0 million
1Fredrikson & Byron, P.A., Minneapolis$10.0 million
1Horwitz Inc, Minneapolis$10.0 million
1Infinite Health Collaborative P.A., Minneapolis$10.0 million
1Lubrication Technologies, Inc., Golden Valley$10.0 million
1One10 LLC, Minneapolis$10.0 million
1Robins Kaplan LLP, Minneapolis$10.0 million
1Salo, LLC, Minneapolis$10.0 million
1Wunderlich-Malec Engineering, Inc, Eden Prairie$10.0 million
1Young Mens Christian Association Of The North, Minneapolis$10.0 million
15Star Tribune Media Company LLC, Minneapolis$10.0 million
16Bbt Foods, Inc., Minnetonka$9.7 million
17Recover Health Services, LLC, Hopkins$9.4 million
18Wsb & Associates Inc, Minneapolis$9.2 million
19Radius Global Solutions LLC, Minneapolis$8.7 million
20American Baptist Homes Of The Midwest, Eden Prairie$8.3 million
21Metal-Matic Inc., Minneapolis$7.9 million
22American Mortgage And Equity Consultants, Inc., Edina$7.9 million
23Corp Iv Holdings, Inc., Minneapolis$7.8 million
24Bowman & Brooke LLP, Minneapolis$7.6 million
25Swanson & Youngdale, Inc., Minneapolis$7.4 million
26Famous Dave's Of America, Inc., Hopkins$7.2 million
273 Bridge Solutions LLC, Minneapolis$7.0 million
28Process Displays LLC, Minneapolis$6.8 million
29Loffler Companies, Inc., Minneapolis$6.7 million
30The Nerdery, LLC, Minneapolis$6.7 million
31Wagner Spray Tech Corporation, Plymouth$6.6 million
32Rsp Architects, Ltd., Minneapolis$6.5 million
33Open Access Technology International, Inc., Minneapolis$6.5 million
34Cmi Acquisition, LLC, Minneapolis$6.5 million
35Cuningham Group Architecture, Inc., Minneapolis$6.3 million
36S.M. Hentges & Sons, Inc., Jordan$6.3 million
37Winthrop & Weinstine, P.A., Minneapolis$6.2 million
38The Rfa Group, Inc, Eden Prairie$6.2 million
39Activar, Inc., Minneapolis$6.1 million
40Srf Consulting Group, Inc., Minneapolis$6.1 million
41Nortech Systems Incorporated, Maple Grove$6.1 million
42Rjm Construction LLC, Minneapolis$6.0 million
43Granite City, Inc., Hopkins$5.8 million
44Wilson-McShane Corporation, Minneapolis$5.7 million
45Breck School, Minneapolis$5.6 million
46Comm-Works Investment Holding Company LLC, Plymouth$5.5 million
47Foley & Mansfield, Pllp, Minneapolis$5.4 million
48Midwest Hardwood Corporation, Maple Grove$5.4 million
49Goodin Company, Minneapolis$5.4 million
50Sfm Mutual Insurance Company, Minneapolis$5.4 million
51Schwegman Lundberg & Woessner, P.A., Minneapolis$5.4 million
52Sico America Inc., Minneapolis$5.4 million
53D'Amico Holding Company, Minneapolis$5.1 million
54Medina Electric, LLC, Hamel$5.1 million
55Doherty Consulting, Inc., Minneapolis$5.1 million
56Fraser, Richfield$5.1 million
57Carisch, Inc, Wayzata$5.0 million
58The Blake School, Hopkins$5.0 million
59Volunteers Of America Of Minnesota, Minneapolis$4.9 million
60Productivity, Inc., Minneapolis$4.9 million
61Eagle Creek Software Services, Eden Prairie$4.9 million
62Redstone American Grill, Inc., Eden Prairie$4.8 million
63Network Therapy Services, LLC, Bloomington$4.8 million
64Identisys Incorporated, Eden Prairie$4.8 million
65Metro Sales, Inc., Minneapolis$4.6 million
66Great Clips, Inc., Bloomington$4.5 million
67The Minnesota Orchestral Association, Minneapolis$4.5 million
68Juut Holdings, Inc., Minneapolis$4.5 million
69Personnel Management Group, Inc., Bloomington$4.5 million
70Associated Anesthesiologists Pa, Minneapolis$4.5 million
71Lifesprk LLC, Minneapolis$4.5 million
72Max-Tech, Inc., Hamel$4.4 million
73Everidge Inc, Minneapolis$4.4 million
74Allstate Sales And Leasing Corp., St Louis Park$4.4 million
75Design Ready Controls, Inc., Minneapolis$4.4 million
76Solution Design Group Inc, Minneapolis$4.3 million
77Timberland Partners, Inc., Minneapolis$4.2 million
78Premier Electric Corporation, Minneapolis$4.2 million
79Douglas Corporation, Eden Prairie$4.2 million
80Satellite Industries Inc, Plymouth$4.2 million
81Elizabeth Charles Corporation, Minneapolis$4.2 million
82Haldeman Homme Holdings, Inc., Minneapolis$4.2 million
83Braxton & Sons, Inc., St. Louis Park$4.1 million
84North Clinic P.A., Minneapolis$4.1 million
85Messerli & Kramer P.A., Minneapolis$4.1 million
86New Horizon Foods Inc, Minneapolis$4.1 million
87American Phoenix, Inc., Minneapolis$4.0 million
88Stix Holdings LLC, Minneapolis$4.0 million
89Merchant & Gould P.C., Minneapolis$4.0 million
90Elim Homes Inc., Edina$4.0 million
91Emergency Care Consultants P.A., Minneapolis$4.0 million
92Bigos Management Inc, Golden Valley$4.0 million
93Tealwood Enterprises Inc, Bloomington$4.0 million
94Boarman Kroos Vogel Group, Inc., Minneapolis$3.9 million
95Deco, Inc., Champlin$3.9 million
96Dalsin Industries, Minneapolis$3.9 million
97Blue Plate Restaurant Company, Inc., Minneapolis$3.9 million
98Meyer Contracting Inc, Maple Grove$3.9 million
99Paca, Inc, Eden Prairie$3.8 million
100Lvc Companies, Inc., Minneapolis$3.8 million

How the list is drawn

  • 100 of the 48,000 borrowers ranked in Hennepin County are listed: every one ranked in the top 100, with ties. Borrowers approved the same amount share a rank, so the list can be longer than 100.
  • A borrower is ranked here when SBA recorded its first loan in Hennepin County. Its amount is summed over every loan it was approved, a first draw, a second or both, and is not what was forgiven or repaid, which each borrower’s page shows loan by loan.

Related

Sources

Data retrieved