Dakota Boys And Girls Ranch in Minot, ND - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Dakota Boys And Girls Ranch, Minot, ND

ND Nonprofit Organization

Dakota Boys And Girls Ranch

Entity: Non-profit Organization

Industry: Child and Youth Services

Location: Minot, ND

Dakota Boys And Girls Ranch is a non-profit organization located at Po Box 5007 in Minot, North Dakota that received a Coronavirus-related PPP loan from the SBA of $3,068,300.00 in April, 2020.

The company has reported itself as a male owned non-profit, and employed at least 251 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1407737106

Loan Size:

$3.07M

Jobs Retained:

251

Loan Approved:

2020-04-10

Loan Status:

Paid in Full or Forgiven

Lender:

Bremer Bank, National Association

Dakota Boys And Girls Ranch in Minot, ND received a Paycheck Protection Loan of $3.07M through Bremer Bank, National Association, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Dakota Boys And Girls Ranch's 2019 payroll expenses are estimated to be at least $14.73M.

Based on their reported 251 jobs retained, this equals an estimated average yearly compensation of $58,677 per employee¹

Reported PPP Proceed Usage:

On the PPP application, Dakota Boys And Girls Ranch reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $3,068,300

Because the loan received by Dakota Boys And Girls Ranch 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 - Dakota Boys And Girls Ranch in Minot, ND

Dakota Boys And Girls Ranch
Po Box 5007
Minot, ND 58702

Business Industry:
Child and Youth Services
NAICS code 624110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Ward County, ND — SBA Office 0875 — Congressional District: ND-

Similar Companies near Minot

In the Minot area, 7 businesses in the "Child and Youth Services" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 251) and received an average PPP loan of $475,750 (compared to this company's $3.07M).

Similar Nearby Businesses Who Received PPP Funding:

Companions For Children Inc
Minot, ND

$9,246 PPP Loan

Bright Path Pediatric Therapy, LLC
Minot, ND

$15,800 PPP Loan

Full Steam Ahead
Minot, ND

$5,555 PPP Loan

Northern Plains Children's Advocacy Center
Minot, ND

$94,947 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 14,413 businesses in the "Child and Youth Services" industry received a total of $1.94B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 19 employees, 92% lower than Dakota Boys And Girls Ranch's reported 251 employees, and received an average PPP loan of $134,437, 96% lower than this company's loan of $3.07M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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