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PPP Loan Data — The Excelsior Group, LLC, St. Louis Park, MN

SBA PPP loan data, payroll data, and salaries for The Excelsior Group, LLC
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:

$2.88M

Jobs Retained:

173

Loan Approved:

2020-04-07

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.

Because the loan received by The Excelsior Group, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - The Excelsior Group, LLC in St. Louis Park, MN

The Excelsior Group, LLC
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-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).

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/the-excelsior-group-llc-st-louis-park-mn