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PPP Loan Data — Douglas Corporation, Eden Prairie, MN

SBA PPP loan data, payroll data, and salaries for Douglas Corporation
MN

Douglas Corporation

Entity: Subchapter S Corporation

Industry: All Other Plastics Product Manufacturing

Location: Eden Prairie, MN

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Douglas Corporation is a subchapter s corporation located at 9650 Valley View Road in Eden Prairie, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,191,883.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.19M

Jobs Retained:

303

Loan Approved:

2020-04-15

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Douglas Corporation in Eden Prairie, MN received a Paycheck Protection Loan of $4.19M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Douglas Corporation's total 2019 payroll expenses were approximately $20.12M in order to qualify for the PPP loan amount received.

Based on their reported 303 jobs retained, this equals an estimated average yearly compensation of $66,406 per employee1.

Because the loan received by Douglas Corporation 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 - Douglas Corporation in Eden Prairie, MN

Douglas Corporation
9650 Valley View Road
Eden Prairie, MN 55344

Business Industry

All Other Plastics Product Manufacturing (NAICS code 326199)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MN-03

Similar Companies near Eden Prairie

In the Eden Prairie area, 4 businesses in the "All Other Plastics Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 102 employees (compared to this company's 303) and received an average PPP loan of $1,418,196 (compared to this company's $4.19M).

Industry PPP Comparison Statistics

Nationwide, 3,247 businesses in the "All Other Plastics Product Manufacturing" industry received a total of $1,252,980,223.00 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 33 employees, 89% lower than Douglas Corporation's reported 303 employees, and received an average PPP loan of $385,889, 91% lower than this company's loan of $4.19M.

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, 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/douglas-corporation-eden-prairie-mn