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PPP Loan Data — Prairiecare LLC, Brooklyn Park, MN

SBA PPP loan data, payroll data, and salaries for Prairiecare LLC
MN

Prairiecare LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Mental Health Practitioners (except Physicians)

Location: Brooklyn Park, MN

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Prairiecare LLC is a limited liability company (LLC) located at 9400 Zane Ave N in Brooklyn Park, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,575,000.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 273 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.58M

Jobs Retained:

273

Loan Approved:

2020-04-10

Lender:

BMO HARRIS BANK NATIONAL ASSOCIATION

Prairiecare LLC received a Paycheck Protection Loan of $2.58M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Prairiecare LLC's total 2019 payroll expenses were approximately $12.36M in order to qualify for the PPP loan amount received.

Based on their reported 273 jobs retained, this equals an estimated average yearly compensation of $45,275 per employee1.

Because the loan received by Prairiecare 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 - Prairiecare LLC in Brooklyn Park, MN

Prairiecare LLC
9400 Zane Ave N
Brooklyn Park, MN 55443

Business Industry

Offices of Mental Health Practitioners (except Physicians) (NAICS code 621330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: MN-03

Similar Companies near Brooklyn Park

In the Brooklyn Park area, 4 businesses in the "Offices of Mental Health Practitioners (except Physicians)" industry received a PPP loan. These local businesses reported an average of 179 employees (compared to this company's 273) and received an average PPP loan of $2,060,196 (compared to this company's $2.58M).

Industry PPP Comparison Statistics

Nationwide, 19,828 businesses in the "Offices of Mental Health Practitioners (except Physicians)" industry received a total of $847,562,029.00 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 4 employees, 99% lower than Prairiecare LLC's reported 273 employees, and received an average PPP loan of $42,746, 98% lower than this company's loan of $2.58M.

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.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/prairiecare-llc-brooklyn-park-mn