As part of the Paycheck Protection Program PARALLEL TECHNOLOGIES, INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

PARALLEL TECHNOLOGIES, INC


Loan Amount	$2,444,600
BusinessName	PARALLEL TECHNOLOGIES, INC
Address	7667 Equitable Drive
City	EDEN PRAIRIE
State	MN
Zip	55344
NAICSCode	238990
BusinessType	Corporation
RaceEthnicity	White
Gender	Male Owned
Veteran	Unanswered
NonProfit
JobsReported	120
DateApproved	04/04/2020
Lender	Choice Financial Group
CD	MN-03
BusinessName.clean	PARALLEL TECHNOLOGIES

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

PARALLEL WIRELESS
PARAM CONSULTING SERVICES
PARAM HEALTHCARE IT SERVICES
PARAMARK CORP
PARAMEDIC SERVICES OF ILLINOIS