PPP Loan Data — Stix Holdings LLC, Minneapolis, MN
Stix Holdings LLC is a limited liability company (LLC) located at 3600 American Blvd West in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,017,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CITY NATIONAL BANK OF FLORIDA
Stix Holdings LLC in Minneapolis, MN received a Paycheck Protection Loan of $4.02M through CITY NATIONAL BANK OF FLORIDA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Stix Holdings LLC's total 2019 payroll expenses were approximately $19.28M 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 $38,565 per employee1.
Business Information - Stix Holdings LLC in Minneapolis, MN
3600 American Blvd West
Minneapolis, MN 55431
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MN-03
Similar Companies near Minneapolis
In the Minneapolis area, 13 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 500) and received an average PPP loan of $758,118 (compared to this company's $4.02M).
Similar Nearby Businesses Who Received PPP Funding:
Jambo Africa, Inc
Brooklyn Center, MN
Vesuvio's L. L. C.
Mandarin Holding LP
The Hyderabad Inc.
Wally's Roast Beef Restaurant Inc
AL Enterprises LLC
Kash Ventures LLC
Brooklyn Center, MN
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than Stix Holdings LLC's reported 500 employees, and received an average PPP loan of $120,904, 97% lower than this company's loan of $4.02M.
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Footnotes & Information
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