PPP Loan Data — Accounting And Tax Solutions Inc., Mankato, MN
Accounting And Tax Solutions Inc. is a subchapter s corporation located at 150 Saint Andrews Ct in Mankato, Minnesota that received a Coronavirus-related PPP loan from the SBA of $17,100.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST NATIONAL BANK MINNESOTA
Accounting And Tax Solutions Inc. received a Paycheck Protection Loan of $17,100 through FIRST NATIONAL BANK MINNESOTA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Accounting And Tax Solutions Inc.'s total 2019 payroll expenses were approximately $82,080 in order to qualify for the PPP loan amount received.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $27,360 per employee1.
Business Information - Accounting And Tax Solutions Inc. in Mankato, MN
150 Saint Andrews Ct
Mankato, MN 56001
Offices of Certified Public Accountants (NAICS code 541211)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-01
Similar Companies near Mankato
In the Mankato area, 5 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 3) and received an average PPP loan of $587,200 (compared to this company's $17,100).
Similar Nearby Businesses Who Received PPP Funding:
Morken Eckberg Steiner LLC
Kristen R Pinette CPA, Inc
Abdo, Eick & Meyers, LLP
Milbrett, Dauk & Co,LTD
Industry PPP Comparison Statistics
Nationwide, 37,661 businesses in the "Offices of Certified Public Accountants" industry received a total of $3,350,637,371.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 100% higher than Accounting And Tax Solutions Inc.'s reported 3 employees, and received an average PPP loan of $88,968, 420% higher than this company's loan of $17,100.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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