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PPP Loan Data — Grand Living Management, LLC, Minneapolis, MN

SBA PPP loan data, payroll data, and salaries for Grand Living Management, LLC
MN

Grand Living Management, LLC

Entity: Limited Liability Company (LLC)

Industry: Lessors of Residential Buildings and Dwellings

Location: Minneapolis, MN

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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

Loan Size:

$3.42M

Jobs Retained:

491

Loan Approved:

2020-04-09

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.

Because the loan received by Grand Living Management, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Grand Living Management, LLC in Minneapolis, MN

Grand Living Management, LLC
7825 Washington Ave. S. Ste 810
Minneapolis, MN 55439

Business Industry

Lessors of Residential Buildings and Dwellings (NAICS code 531110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/grand-living-management-llc-minneapolis-mn