PPP Loan Data — Dunwoody College Of Technology, Minneapolis, MN
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
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.
Business Information - Dunwoody College Of Technology in Minneapolis, MN
818 Dunwoody Blvd
Minneapolis, MN 55403
Colleges, Universities, and Professional Schools (NAICS code 611310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
North Central University
Minneapolis College For Art And Design
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!