PPP Loan Data — Aqua Engineering, Inc., Eden Prairie, MN
Aqua Engineering, Inc. is a corporation located at 6561 City West Pkwy in Eden Prairie, Minnesota that received a Coronavirus-related PPP loan from the SBA of $254,500.00 in April, 2020.
$ PPP Loan Information
Lender:FLAGSHIP BANK MINNESOTA
Aqua Engineering, Inc. received a Paycheck Protection Loan of $254,500 through FLAGSHIP BANK MINNESOTA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Aqua Engineering, Inc.'s total 2019 payroll expenses were approximately $1.22M in order to qualify for the PPP loan amount received.
Based on their reported 28 jobs retained, this equals an estimated average yearly compensation of $43,629 per employee1.
Business Information - Aqua Engineering, Inc. in Eden Prairie, MN
6561 City West Pkwy
Eden Prairie, MN 55344
All Other Specialty Trade Contractors (NAICS code 238990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-03
Similar Companies near Eden Prairie
In the Eden Prairie area, 10 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 28) and received an average PPP loan of $308,891 (compared to this company's $254,500).
Similar Nearby Businesses Who Received PPP Funding:
Parallel Technologies, Inc.
Eden Prairie, MN
Body Restoration LLC
Superior Decks, Inc.
Radon Reduction Incorporated
GMO Holdings, LLC
Custom Pools Inc
Eden Prairie, MN
Industry PPP Comparison Statistics
Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 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 9 employees, 68% lower than Aqua Engineering, Inc.'s reported 28 employees, and received an average PPP loan of $113,959, 55% lower than this company's loan of $254,500.
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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