PPP Loan Data — Grand Living Management, LLC, Minneapolis, MN
Grand Living Management, LLC is a limited liability company (LLC) located at 7825 Washington Ave. S. Ste 810 in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $3,420,200.00 in April, 2020.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Grand Living Management, LLC received a Paycheck Protection Loan of $3.42M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Grand Living Management, LLC's total 2019 payroll expenses were approximately $16.42M in order to qualify for the PPP loan amount received.
Based on their reported 491 jobs retained, this equals an estimated average yearly compensation of $33,436 per employee1.
Business Information - Grand Living Management, LLC in Minneapolis, MN
7825 Washington Ave. S. Ste 810
Minneapolis, MN 55439
Lessors of Residential Buildings and Dwellings (NAICS code 531110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-03
Similar Companies near Minneapolis
In the Minneapolis area, 3 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 175 employees (compared to this company's 491) and received an average PPP loan of $1,254,825 (compared to this company's $3.42M).
Similar Nearby Businesses Who Received PPP Funding:
JDL Horizons, LLC
Sentinel Holdings Company
Industry PPP Comparison Statistics
Nationwide, 20,568 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $1,664,555,814.00 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, 98% lower than Grand Living Management, LLC's reported 491 employees, and received an average PPP loan of $80,929, 98% lower than this company's loan of $3.42M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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