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PPP Loan Data — Mcduvie, LLC,
Oakdale, MN
Mcduvie, LLC
Entity: Subchapter S Corporation
Industry: Full-Service Restaurants
Location: Oakdale, MN
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Mcduvie, LLC is a subchapter s corporation located at 600 Hayward Ave N in Oakdale, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,629,600.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-11Lender:
BREMER BANK, NATIONAL ASSOCIATIONMcduvie, LLC received a Paycheck Protection Loan of $2.63M through BREMER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mcduvie, LLC's total 2019 payroll expenses were approximately $12.62M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $25,244 per employee1.
Business Information - Mcduvie, LLC in Oakdale, MN
600 Hayward Ave N
Oakdale, MN 55129
Business Industry
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MN-04Similar Companies near Oakdale
In the Oakdale area, 30 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 76 employees (compared to this company's 500) and received an average PPP loan of $229,364 (compared to this company's $2.63M).
Similar Nearby Businesses Who Received PPP Funding:
La Mia Gioia
Saint Paul, MN
Blaine Grill Management LLC
Saint Paul, MN
TL Edina LLC
Saint Paul, MN
Mpls Hospitality Systems LLC
Saint Paul, MN
Fargo Grill Management, LLC
Saint Paul, MN
Wild Boar Of Oakdale, LLC
Saint Paul, MN
Buersken Enterprises, Inc.
Saint Paul, MN
Grand Forks Grill, LLC
Saint Paul, MN
Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 96% lower than Mcduvie, LLC's reported 500 employees, and received an average PPP loan of $116,685, 96% lower than this company's loan of $2.63M.
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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