PPP Loan Data — Tealwood Enterprises Inc, Bloomington, MN
Tealwood Enterprises Inc
Location: Bloomington, MNTweet This • Search All PPP Data
Tealwood Enterprises Inc is a corporation located at 7400 West 109th Street in Bloomington, Minnesota that received a Coronavirus-related PPP loan from the SBA of $3,967,200.00 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:BMO HARRIS BANK NATIONAL ASSOCIATION
Tealwood Enterprises Inc in Bloomington, MN received a Paycheck Protection Loan of $3.97M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Tealwood Enterprises Inc's total 2019 payroll expenses were approximately $19.04M 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 $38,085 per employee1.
Business Information - Tealwood Enterprises Inc in Bloomington, MN
7400 West 109th Street
Bloomington, MN 55438
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MN-03
Similar Companies near Bloomington
In the Bloomington area, 3 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 219 employees (compared to this company's 500) and received an average PPP loan of $2,103,579 (compared to this company's $3.97M).
Similar Nearby Businesses Who Received PPP Funding:
Tealwood Care Centers, Inc.
Vetras Healthcare, LLC
Industry PPP Comparison Statistics
Nationwide, 9,872 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $5,508,018,433.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 66 employees, 87% lower than Tealwood Enterprises Inc's reported 500 employees, and received an average PPP loan of $557,944, 86% lower than this company's loan of $3.97M.
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