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PPP Loan Data — Boulay Pllp, Eden Prairie, MN

SBA PPP loan data, payroll data, and salaries for Boulay Pllp
MN

Boulay Pllp

Entity: Partnership

Industry: Offices of Certified Public Accountants

Location: Eden Prairie, MN

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Boulay Pllp is a partnership located at 7500 Flying Cloud Dr in Eden Prairie, Minnesota that received a Coronavirus-related PPP loan from the SBA of $3,232,265.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.23M

Jobs Retained:

202

Loan Approved:

2020-04-05

Lender:

COULEE BANK

Boulay Pllp received a Paycheck Protection Loan of $3.23M through COULEE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Boulay Pllp's total 2019 payroll expenses were approximately $15.51M in order to qualify for the PPP loan amount received.

Based on their reported 202 jobs retained, this equals an estimated average yearly compensation of $76,806 per employee1.

Because the loan received by Boulay Pllp 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 - Boulay Pllp in Eden Prairie, MN

Boulay Pllp
7500 Flying Cloud Dr
Eden Prairie, MN 55344

Business Industry

Offices of Certified Public Accountants (NAICS code 541211)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MN-03

Similar Companies near Eden Prairie

In the Eden Prairie area, 12 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 202) and received an average PPP loan of $354,469 (compared to this company's $3.23M).

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, 97% lower than Boulay Pllp's reported 202 employees, and received an average PPP loan of $88,968, 97% lower than this company's loan of $3.23M.

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.

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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/boulay-pllp-eden-prairie-mn