PPP Loan Data — Lend Smart Mortgage, LLC, Shoreview, MN
Lend Smart Mortgage, LLC is a limited liability company (LLC) located at 3450 Lexington Ave N in Shoreview, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,543,500.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 179 people during the applicable loan loan period.
$ PPP Loan Information
Lender:MINNESOTA BANK & TRUST
Lend Smart Mortgage, LLC received a Paycheck Protection Loan of $2.54M through MINNESOTA BANK & TRUST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lend Smart Mortgage, LLC's total 2019 payroll expenses were approximately $12.21M in order to qualify for the PPP loan amount received.
Based on their reported 179 jobs retained, this equals an estimated average yearly compensation of $68,206 per employee1.
Business Information - Lend Smart Mortgage, LLC in Shoreview, MN
3450 Lexington Ave N
Shoreview, MN 55126
Mortgage and Nonmortgage Loan Brokers (NAICS code 522310)
Business Owner Demographics
Race / Ethnicity: WHITE
Veteran Status: UnreportedCongressional District: MN-04
Industry PPP Comparison Statistics
Nationwide, 4,330 businesses in the "Mortgage and Nonmortgage Loan Brokers" industry received a total of $593,727,712.00 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 9 employees, 95% lower than Lend Smart Mortgage, LLC's reported 179 employees, and received an average PPP loan of $137,120, 95% lower than this company's loan of $2.54M.
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Footnotes & Information
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