PPP Loan Data — Mount Olivet Rolling Acres, Inc., Victoria, MN
Mount Olivet Rolling Acres, Inc.
Entity: Non-profit Organization
Location: Victoria, MNTweet This • Search All PPP Data
Mount Olivet Rolling Acres, Inc. is a non-profit organization located at 7200 Rolling Acres Rd in Victoria, Minnesota that received a Coronavirus-related PPP loan from the SBA of $3,329,000.00 in April, 2020.
$ PPP Loan Information
Lender:OLD NATIONAL BANK
Mount Olivet Rolling Acres, Inc. in Victoria, MN received a Paycheck Protection Loan of $3.33M through OLD NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mount Olivet Rolling Acres, Inc.'s total 2019 payroll expenses were approximately $15.98M in order to qualify for the PPP loan amount received.
Based on their reported 396 jobs retained, this equals an estimated average yearly compensation of $40,352 per employee1.
Business Information - Mount Olivet Rolling Acres, Inc. in Victoria, MN
7200 Rolling Acres Rd
Victoria, MN 55386
Residential Intellectual and Developmental Disability Facilities (NAICS code 623210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-03
Industry PPP Comparison Statistics
Nationwide, 1,775 businesses in the "Residential Intellectual and Developmental Disability Facilities" industry received a total of $836,841,517.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 61 employees, 85% lower than Mount Olivet Rolling Acres, Inc.'s reported 396 employees, and received an average PPP loan of $471,460, 86% lower than this company's loan of $3.33M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!