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PPP Loan Data — The Excelsior Group, LLC,
St. Louis Park, MN
The Excelsior Group, LLC
Entity: Limited Liability Company (LLC)
Industry: Nonresidential Property Managers
Location: St. Louis Park, MN
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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
Loan Size:
Jobs Retained:
173Loan Approved:
2020-04-07Lender:
MINNESOTA BANK & TRUSTThe 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
Business Industry
Nonresidential Property Managers (NAICS code 531312)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MN-05Similar 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.
Minneapolis, MN
SA Hospitality Management LLC
Minneapolis, MN
Team Properties, Inc
St Louis Park, MN
Marshall Management LLC
Minneapolis, MN
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.
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, and is published unmodified, as provided by the SBA.
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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