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PPP Loan Data — MHC Sph LLC,
Saint Paul, MN
MHC Sph LLC
Entity: Limited Liability Company (LLC)
Industry: Hotels (except Casino Hotels) and Motels
Location: Saint Paul, MN
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MHC Sph LLC is a limited liability company (LLC) located at 6 West 5th Street Suite 400 in Saint Paul, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,552,300.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
318Loan Approved:
2020-04-08Lender:
OLD NATIONAL BANKMHC Sph LLC in Saint Paul, MN received a Paycheck Protection Loan of $2.55M through OLD NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, MHC Sph LLC's total 2019 payroll expenses were approximately $12.25M in order to qualify for the PPP loan amount received.
Based on their reported 318 jobs retained, this equals an estimated average yearly compensation of $38,525 per employee1.
Business Information - MHC Sph LLC in Saint Paul, MN
6 West 5th Street Suite 400
Saint Paul, MN 55102
Business Industry
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MN-04Similar Companies near Saint Paul
In the Saint Paul area, 5 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 132 employees (compared to this company's 318) and received an average PPP loan of $1,040,260 (compared to this company's $2.55M).
Similar Nearby Businesses Who Received PPP Funding:
Hotel 340, LLC
Saint Paul, MN
Rebound Exchange, LLC
Saint Paul, MN
411 Minnesota Street, LLC
Saint Paul, MN
11 E Kellogg Boulevard, LLC
Saint Paul, MN
Industry PPP Comparison Statistics
Nationwide, 41,528 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $6,692,184,447.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 93% lower than MHC Sph LLC's reported 318 employees, and received an average PPP loan of $161,149, 94% lower than this company's loan of $2.55M.
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, 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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