PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Hoque Consulting LLC, Lakeville, MN

ALERT: There are 2 PPP loans for a total of $51,040 in our database for businesses with the name "Hoque Consulting LLC" in Lakeville, MN. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Hoque Consulting LLC
MN

Hoque Consulting LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Information Services

Location: Lakeville, MN

Search All PPP Data

Hoque Consulting LLC is a limited liability company (LLC) located in Lakeville, Minnesota that received a Coronavirus-related PPP loan from the SBA of $25,520.00 in February, 2021.

$ PPP Loan Information
Loan #1920348507

Loan Size:

$25,520

Jobs Retained:

1

Loan Approved:

2021-02-19

Loan Status:

Ongoing Loan

Lender:

Affinity Plus FCU
Likely Employment Reduction3

Hoque Consulting LLC in Lakeville, MN received a Paycheck Protection Loan of $25,520 through Affinity Plus FCU, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Hoque Consulting LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,520

Business Information - Hoque Consulting LLC in Lakeville, MN

Hoque Consulting LLC
Lakeville, MN
* Full address is redacted to protect the privacy of individuals.

Business Industry:
All Other Information Services
NAICS code 519190

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Dakota County, MN — SBA Office 0508 — Congressional District: MN-02

Similar Companies near Lakeville

In the Lakeville area, 2 businesses in the "All Other Information Services" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $22,760 (compared to this company's $25,520).

Similar Nearby Businesses Who Received PPP Funding:

Experior Consulting Inc
Lakeville, MN

$20,000 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 9,477 businesses in the "All Other Information Services" industry received a total of $663.71M 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 5 employees, 400% higher than Hoque Consulting LLC's reported 1 employees, and received an average PPP loan of $70,034, 174% higher than this company's loan of $25,520.

SBA PPP loan data, payroll data, and salaries for Hoque Consulting LLC
MN

Hoque Consulting LLC

Entity: Limited Liability Company (LLC)

Industry: Computer Systems Design Services

Location: Lakeville, MN

Search All PPP Data

Hoque Consulting LLC is a limited liability company (LLC) located in Lakeville, Minnesota that received a Coronavirus-related PPP loan from the SBA of $25,520.00 in June, 2020.

$ PPP Loan Information
Loan #6295067800

Loan Size:

$25,520

Jobs Retained:

1

Loan Approved:

2020-06-01

Loan Status:

Ongoing Loan

Lender:

Affinity Plus FCU
Likely Employment Reduction3

Hoque Consulting LLC in Lakeville, MN received a Paycheck Protection Loan of $25,520 through Affinity Plus FCU, which was approved in June, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Hoque Consulting LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $19,833
  • Health Care: $5,688

Business Information - Hoque Consulting LLC in Lakeville, MN

Hoque Consulting LLC
Lakeville, MN
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Computer Systems Design Services
NAICS code 541512

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Dakota County, MN — SBA Office 0508 — Congressional District: MN-02

Similar Companies near Lakeville

In the Lakeville area, 17 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 1) and received an average PPP loan of $230,283 (compared to this company's $25,520).

Industry PPP Comparison Statistics

Nationwide, 31,382 businesses in the "Computer Systems Design Services" industry received a total of $4.35B 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 10 employees, 900% higher than Hoque Consulting LLC's reported 1 employees, and received an average PPP loan of $138,748, 444% higher than this company's loan of $25,520.

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.

Search FederalPay's Full PPP Loan Database

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.

3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/hoque-consulting-llc-lakeville-mn