PPP Loan Data — The Excelsior Group, LLC, St. Louis Park, MN
The Excelsior Group, LLC is a limited liability company (LLC) located at 1660 Highway 100 South, Suite 400 in St. Louis Park, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,882,400.00 in April, 2020.
$ PPP Loan Information
Lender:MINNESOTA BANK & TRUST
The Excelsior Group, LLC in St. Louis Park, MN received a Paycheck Protection Loan of $2.88M through MINNESOTA BANK & TRUST, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Excelsior Group, LLC's total 2019 payroll expenses were approximately $13.84M in order to qualify for the PPP loan amount received.
Based on their reported 173 jobs retained, this equals an estimated average yearly compensation of $79,974 per employee1.
Business Information - The Excelsior Group, LLC in St. Louis Park, MN
1660 Highway 100 South, Suite 400
St. Louis Park, MN 55416
Nonresidential Property Managers (NAICS code 531312)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-05
Similar Companies near St. Louis Park
In the St. Louis Park area, 5 businesses in the "Nonresidential Property Managers" industry received a PPP loan. These local businesses reported an average of 186 employees (compared to this company's 173) and received an average PPP loan of $1,633,351 (compared to this company's $2.88M).
Similar Nearby Businesses Who Received PPP Funding:
Steven Scott Management, Inc.
SA Hospitality Management LLC
Team Properties, Inc
St Louis Park, MN
Marshall Management LLC
Industry PPP Comparison Statistics
Nationwide, 7,563 businesses in the "Nonresidential Property Managers" industry received a total of $894,646,174.00 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 10 employees, 94% lower than The Excelsior Group, LLC's reported 173 employees, and received an average PPP loan of $118,292, 96% lower than this company's loan of $2.88M.
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Footnotes & Information
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