PPP Loan Data — Tea Olive I, LLC, Eagan, MN
Tea Olive I, LLC is a limited liability company (LLC) located at 2600 Eagan Woods Drive in Eagan, Minnesota that received a Coronavirus-related PPP loan from the SBA of $5,191,650.00 in June, 2020.
$ PPP Loan Information
Lender:COMMUNITY FEDERAL SAVINGS BANK
Tea Olive I, LLC in Eagan, MN received a Paycheck Protection Loan of $5.19M through COMMUNITY FEDERAL SAVINGS BANK, which was approved in June, 2020.
Based on standard PPP eligibility rules, Tea Olive I, LLC's total 2019 payroll expenses were approximately $24.92M 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 $49,840 per employee1.
Business Information - Tea Olive I, LLC in Eagan, MN
2600 Eagan Woods Drive
Eagan, MN 55121
Home and Garden Equipment Repair and Maintenance (NAICS code 811411)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-02
Industry PPP Comparison Statistics
Nationwide, 2,012 businesses in the "Home and Garden Equipment Repair and Maintenance" industry received a total of $80,773,946.00 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 5 employees, 99% lower than Tea Olive I, LLC's reported 500 employees, and received an average PPP loan of $40,146, 99% lower than this company's loan of $5.19M.
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Footnotes & Information
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