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PPP Loan Data — David Monkelien LTD, Sioux Falls, SD

SBA PPP loan data, payroll data, and salaries for David Monkelien LTD

David Monkelien LTD

Entity: Subchapter S Corporation

Industry: Investment Advice

Location: Sioux Falls, SD

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David Monkelien LTD is a subchapter s corporation located at 3500 S 1st Ave Vircle Suite 101 in Sioux Falls, South Dakota that received a Coronavirus-related PPP loan from the SBA of $20,208.00 in April, 2020.

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

$ PPP Loan Information
Loan #1161357207

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Paid in Full or Forgiven


The First National Bank in Sioux Falls

David Monkelien LTD in Sioux Falls, SD received a Paycheck Protection Loan of $20,208 through The First National Bank in Sioux Falls, 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 March, 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.

Read More
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.

Read More

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, David Monkelien LTD's 2019 payroll expenses are estimated to be at least $96,998.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $48,499 per employee1

Reported PPP Proceed Usage:

On the PPP application, David Monkelien LTD reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,208

Business Information - David Monkelien LTD in Sioux Falls, SD

David Monkelien LTD
3500 S 1st Ave Vircle Suite 101
Sioux Falls, SD 57105

Business Industry:
Investment Advice
NAICS code 523930

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

Minnehaha County, SD — SBA Office 0876 — Congressional District: SD-

Similar Companies near Sioux Falls

In the Sioux Falls area, 19 businesses in the "Investment Advice" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $20,262 (compared to this company's $20,208).

Industry PPP Comparison Statistics

Nationwide, 32,223 businesses in the "Investment Advice" industry received a total of $1.45B 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 4 employees, 100% higher than David Monkelien LTD's reported 2 employees, and received an average PPP loan of $44,994, 123% higher than this company's loan of $20,208.

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.

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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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