PPP Loan Data — Boarman Kroos Vogel Group, Inc., Minneapolis, MN
Boarman Kroos Vogel Group, Inc. is a corporation located at 222 North 2nd Street, Suite 101 in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $3,929,700.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 200 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Boarman Kroos Vogel Group, Inc. received a Paycheck Protection Loan of $3.93M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Boarman Kroos Vogel Group, Inc.'s total 2019 payroll expenses were approximately $18.86M in order to qualify for the PPP loan amount received.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $94,313 per employee1.
Business Information - Boarman Kroos Vogel Group, Inc. in Minneapolis, MN
222 North 2nd Street, Suite 101
Minneapolis, MN 55401
Architectural Services (NAICS code 541310)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MN-05
Similar Companies near Minneapolis
In the Minneapolis area, 21 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 200) and received an average PPP loan of $493,309 (compared to this company's $3.93M).
Similar Nearby Businesses Who Received PPP Funding:
Baker Associates Inc.
Coen + Partners Inc.
DJR Architecture Inc
The Foundation ArchitectsConsultants PA
Lawal Scott Erickson Architects, Inc.
Professional Design International, LTD
Urbanworks Architecture LLC
Studio M Architects Inc
Industry PPP Comparison Statistics
Nationwide, 17,027 businesses in the "Architectural Services" industry received a total of $2,549,800,767.00 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, 96% lower than Boarman Kroos Vogel Group, Inc.'s reported 200 employees, and received an average PPP loan of $149,750, 96% lower than this company's loan of $3.93M.
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.
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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