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PPP Loan Data — Mandarin Holding LP,
Minneapolis, MN
Mandarin Holding LP
Entity: Partnership
Industry: Limited-Service Restaurants
Location: Minneapolis, MN
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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
Loan Size:
Jobs Retained:
213Loan Approved:
2020-04-06Lender:
CITY NATIONAL BANK OF FLORIDAMandarin 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
Business Industry
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: MN-03Similar 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
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47Th Ave Eatery LLC
Minneapolis, MN
Wally's Roast Beef Restaurant Inc
Minneapolis, MN
Stix Holdings LLC
Minneapolis, MN
The Hyderabad Inc.
Bloomington, MN
Gyropolis, Inc
Bloomington, MN
Edible Endeavors, Inc.
Minneapolis, MN
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.
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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