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PPP Loan Data — Collopy Real Estate, Inc., Eden Prairie, MN

SBA PPP loan data, payroll data, and salaries for Collopy Real Estate, Inc.
MN

Collopy Real Estate, Inc.

Entity: Subchapter S Corporation

Industry: Offices of Real Estate Agents and Brokers

Location: Eden Prairie, MN

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Collopy Real Estate, Inc. is a subchapter s corporation located at 11200 West 78th St in Eden Prairie, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,518,700.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 202 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.52M

Jobs Retained:

202

Loan Approved:

2020-04-09

Lender:

BMO HARRIS BANK NATIONAL ASSOCIATION

Collopy Real Estate, Inc. received a Paycheck Protection Loan of $2.52M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Collopy Real Estate, Inc.'s total 2019 payroll expenses were approximately $12.09M 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 $59,850 per employee1.

Because the loan received by Collopy Real Estate, Inc. 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 - Collopy Real Estate, Inc. in Eden Prairie, MN

Collopy Real Estate, Inc.
11200 West 78th St
Eden Prairie, MN 55344

Business Industry

Offices of Real Estate Agents and Brokers (NAICS code 531210)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: MN-03

Similar Companies near Eden Prairie

In the Eden Prairie area, 57 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 202) and received an average PPP loan of $87,844 (compared to this company's $2.52M).

Industry PPP Comparison Statistics

Nationwide, 123,031 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $3,483,797,893.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 2 employees, 99% lower than Collopy Real Estate, Inc.'s reported 202 employees, and received an average PPP loan of $28,316, 99% lower than this company's loan of $2.52M.

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.

Search FederalPay's Full PPP Loan Database

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/collopy-real-estate-inc-eden-prairie-mn