PPP Loan Data — Dblrah Corporation, Minneapolis, MN
Dblrah Corporation is a corporation located at 8014 Highway 55 in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $47,200.00 in April, 2020. This business is a The UPS Store (f/k/a Mail Box Etc dba The UPS Store) franchise.
The company has reported itself as a male owned business, and employed at least nine people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Sunrise Banks, National Association
Dblrah Corporation in Minneapolis, MN received a Paycheck Protection Loan of $47,200 through Sunrise Banks, 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 April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Dblrah Corporation's 2019 payroll expenses are estimated to be at least $226,560.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $25,173 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dblrah Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,200
Business Information - Dblrah Corporation in Minneapolis, MN
8014 Highway 55
Minneapolis, MN 55427
NAICS code 491110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 972 businesses in the "Postal Service" industry received a total of $45.21M 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 6 employees, 33% lower than Dblrah Corporation's reported 9 employees, and received an average PPP loan of $46,510, 1% lower than this company's loan of $47,200.
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Footnotes & Information
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