PPP Loan Data — Mandarin Holding LP, Minneapolis, MN
Mandarin Holding LP is a partnership located at 3600 American Blvd West, Suite 165, in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,490,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 213 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CITY NATIONAL BANK OF FLORIDA
Mandarin Holding LP received a Paycheck Protection Loan of $2.49M through CITY NATIONAL BANK OF FLORIDA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mandarin Holding LP's total 2019 payroll expenses were approximately $11.95M in order to qualify for the PPP loan amount received.
Based on their reported 213 jobs retained, this equals an estimated average yearly compensation of $56,113 per employee1.
Business Information - Mandarin Holding LP in Minneapolis, MN
3600 American Blvd West, Suite 165,
Minneapolis, MN 55431
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MN-03
Similar Companies near Minneapolis
In the Minneapolis area, 13 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 213) and received an average PPP loan of $758,118 (compared to this company's $2.49M).
Similar Nearby Businesses Who Received PPP Funding:
Check Of Brooklyn Center, Inc.
Brooklyn Center, MN
AL Enterprises LLC
47Th Ave Eatery LLC
Wally's Roast Beef Restaurant Inc
Stix Holdings LLC
The Hyderabad Inc.
Edible Endeavors, Inc.
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 89% lower than Mandarin Holding LP's reported 213 employees, and received an average PPP loan of $120,904, 95% lower than this company's loan of $2.49M.
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Footnotes & Information
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