PPP Loan Data — Bemobile, Inc., Grand Forks, ND
Bemobile, Inc. is a corporation located at 2100 S. Columbia Road, Ste 214 in Grand Forks, North Dakota that received a Coronavirus-related PPP loan from the SBA of $2,504,300.00 in April, 2020.
$ PPP Loan Information
Lender:ALERUS FINANCIAL, NATIONAL ASSOCIATION
Bemobile, Inc. in Grand Forks, ND received a Paycheck Protection Loan of $2.5M through ALERUS FINANCIAL, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Bemobile, Inc.'s total 2019 payroll expenses were approximately $12.02M in order to qualify for the PPP loan amount received.
Based on their reported 256 jobs retained, this equals an estimated average yearly compensation of $46,956 per employee1.
Business Information - Bemobile, Inc. in Grand Forks, ND
2100 S. Columbia Road, Ste 214
Grand Forks, ND 58201
Electronics Stores (NAICS code 443142)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: ND-
Similar Companies near Grand Forks
In the Grand Forks area, 4 businesses in the "Electronics Stores" industry received a PPP loan. These local businesses reported an average of 69 employees (compared to this company's 256) and received an average PPP loan of $667,417 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
Stone's Mobile Radio, Inc.
Grand Forks, ND
Grand Forks, ND
Stone's Security Systems Inc.
Grand Forks, ND
Industry PPP Comparison Statistics
Nationwide, 7,570 businesses in the "Electronics Stores" industry received a total of $593,424,720.00 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 8 employees, 97% lower than Bemobile, Inc.'s reported 256 employees, and received an average PPP loan of $78,392, 97% lower than this company's loan of $2.5M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!