PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — MHC Sph LLC, Saint Paul, MN

SBA PPP loan data, payroll data, and salaries for MHC Sph LLC
MN

MHC Sph LLC

Entity: Limited Liability Company (LLC)

Industry: Hotels (except Casino Hotels) and Motels

Location: Saint Paul, MN

Search All PPP Data

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:

$2.55M

Jobs Retained:

318

Loan Approved:

2020-04-08

Lender:

OLD NATIONAL BANK

MHC 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.

Because the loan received by MHC Sph LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - MHC Sph LLC in Saint Paul, MN

MHC Sph LLC
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-04

Similar 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).

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/mhc-sph-llc-saint-paul-mn