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PPP Loan Data — Dunwoody College Of Technology, Minneapolis, MN

SBA PPP loan data, payroll data, and salaries for Dunwoody College Of Technology
MN Nonprofit Organization

Dunwoody College Of Technology

Entity: Non-profit Organization

Industry: Colleges, Universities, and Professional Schools

Location: Minneapolis, MN

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Dunwoody College Of Technology is a non-profit organization located at 818 Dunwoody Blvd in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $3,228,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.23M

Jobs Retained:

355

Loan Approved:

2020-04-06

Lender:

MINNWEST BANK

Dunwoody College Of Technology in Minneapolis, MN received a Paycheck Protection Loan of $3.23M through MINNWEST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Dunwoody College Of Technology's total 2019 payroll expenses were approximately $15.5M in order to qualify for the PPP loan amount received.

Based on their reported 355 jobs retained, this equals an estimated average yearly compensation of $43,657 per employee1.

Because the loan received by Dunwoody College Of Technology 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 - Dunwoody College Of Technology in Minneapolis, MN

Dunwoody College Of Technology
818 Dunwoody Blvd
Minneapolis, MN 55403

Business Industry

Colleges, Universities, and Professional Schools (NAICS code 611310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MN-05

Similar Companies near Minneapolis

In the Minneapolis area, 3 businesses in the "Colleges, Universities, and Professional Schools" industry received a PPP loan. These local businesses reported an average of 327 employees (compared to this company's 355) and received an average PPP loan of $2,445,270 (compared to this company's $3.23M).

Industry PPP Comparison Statistics

Nationwide, 2,077 businesses in the "Colleges, Universities, and Professional Schools" industry received a total of $1,723,864,433.00 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 86 employees, 76% lower than Dunwoody College Of Technology's reported 355 employees, and received an average PPP loan of $829,978, 74% lower than this company's loan of $3.23M.

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.

Search FederalPay's Full PPP Loan Database

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/dunwoody-college-of-technology-minneapolis-mn