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

SBA PPP loan data, payroll data, and salaries for Dakota Boys And Girls Ranch
ND Nonprofit Organization

Dakota Boys And Girls Ranch

Entity: Non-profit Organization

Industry: Child and Youth Services

Location: Minot, ND

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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 Size:

$3.07M

Jobs Retained:

251

Loan Approved:

2020-04-10

Lender:

BREMER BANK, NATIONAL ASSOCIATION

Dakota Boys And Girls Ranch received a Paycheck Protection Loan of $3.07M through BREMER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Dakota Boys And Girls Ranch's total 2019 payroll expenses were approximately $14.73M in order to qualify for the PPP loan amount received.

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

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 / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: ND-

Similar Companies near Minot

In the Minot area, 5 businesses in the "Child and Youth Services" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 251) and received an average PPP loan of $645,211 (compared to this company's $3.07M).

Industry PPP Comparison Statistics

Nationwide, 6,712 businesses in the "Child and Youth Services" industry received a total of $1,286,022,505.00 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 24 employees, 90% lower than Dakota Boys And Girls Ranch's reported 251 employees, and received an average PPP loan of $191,600, 94% 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.

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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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Source: www.federalpay.org/paycheck-protection-program/dakota-boys-and-girls-ranch-minot-nd