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

PPP Loan Data — Oleson & Hobbie Architects LLC, Mankato, MN

ALERT: There are 2 PPP loans for a total of $137,564 in our database for businesses with the name "Oleson & Hobbie Architects LLC" in Mankato, 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 Oleson & Hobbie Architects LLC
MN

Oleson & Hobbie Architects LLC

Entity: Limited Liability Company (LLC)

Industry: Architectural Services

Location: Mankato, MN

Search All PPP Data

Oleson & Hobbie Architects LLC is a limited liability company (LLC) located at 330 Stadium Rd Ste 202 in Mankato, Minnesota that received a Coronavirus-related PPP loan from the SBA of $89,064.00 in March, 2021.

The company has reported itself as a White male owned business, and employed at least six people during the applicable loan loan period.

$ PPP Loan Information
Loan #3553068709

Loan Size:

$89,064

Jobs Retained:

6

Loan Approved:

2021-03-31

Loan Status:

Paid in Full or Forgiven

Lender:

MinnStar Bank National Association

Oleson & Hobbie Architects LLC in Mankato, MN received a Paycheck Protection Loan of $89,064 through MinnStar Bank National Association, which was approved in March, 2021.

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 February, 2022.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Oleson & Hobbie Architects LLC's 2019 payroll expenses are estimated to be at least $427,507.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $71,251 per employee1

Reported PPP Proceed Usage:

On the PPP application, Oleson & Hobbie Architects LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $89,063

Business Information - Oleson & Hobbie Architects LLC in Mankato, MN

Oleson & Hobbie Architects LLC
330 Stadium Rd Ste 202
Mankato, MN 56001

Business Industry:
Architectural Services
NAICS code 541310

Business Owner Demographics

Race: White

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Blue Earth County, MN — SBA Office 0508 — Congressional District: MN-01

Similar Companies near Mankato

In the Mankato area, 3 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 115 employees (compared to this company's 6) and received an average PPP loan of $1,842,262 (compared to this company's $89,064).

Similar Nearby Businesses Who Received PPP Funding:

I & S Group, Inc
Mankato, MN

$5.39M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 28,753 businesses in the "Architectural Services" industry received a total of $3.75B 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 9 employees, 50% higher than Oleson & Hobbie Architects LLC's reported 6 employees, and received an average PPP loan of $130,375, 46% higher than this company's loan of $89,064.

SBA PPP loan data, payroll data, and salaries for Oleson & Hobbie Architects, LLC
MN

Oleson & Hobbie Architects, LLC

Entity: Limited Liability Company (LLC)

Industry: Architectural Services

Location: Mankato, MN

Search All PPP Data

Oleson & Hobbie Architects, LLC is a limited liability company (LLC) located at 330 Stadium Rd Ste 202 in Mankato, Minnesota that received a Coronavirus-related PPP loan from the SBA of $48,500.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information
Loan #6074867005

Loan Size:

$48,500

Jobs Retained:

4

Loan Approved:

2020-04-06

Loan Status:

Paid in Full or Forgiven

Lender:

MinnStar Bank National Association

Oleson & Hobbie Architects, LLC in Mankato, MN received a Paycheck Protection Loan of $48,500 through MinnStar Bank 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 March, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Oleson & Hobbie Architects, LLC's 2019 payroll expenses are estimated to be at least $232,800.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $58,200 per employee1

Reported PPP Proceed Usage:

On the PPP application, Oleson & Hobbie Architects, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $48,500

Business Information - Oleson & Hobbie Architects, LLC in Mankato, MN

Oleson & Hobbie Architects, LLC
330 Stadium Rd Ste 202
Mankato, MN 56001

Business Industry:
Architectural Services
NAICS code 541310

Business Owner Demographics

Race: White

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Blue Earth County, MN — SBA Office 0508 — Congressional District: MN-01

Similar Companies near Mankato

In the Mankato area, 3 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 115 employees (compared to this company's 4) and received an average PPP loan of $1,842,262 (compared to this company's $48,500).

Similar Nearby Businesses Who Received PPP Funding:

I & S Group, Inc
Mankato, MN

$5.39M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 28,753 businesses in the "Architectural Services" industry received a total of $3.75B 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 9 employees, 125% higher than Oleson & Hobbie Architects, LLC's reported 4 employees, and received an average PPP loan of $130,375, 169% higher than this company's loan of $48,500.

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. ยง 552 (Freedom of Information Act) and 5 U.S.C. ยง 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.


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Source: www.federalpay.org/paycheck-protection-program/oleson-hobbie-architects-llc-mankato-mn