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PPP Loan Data — Toltz, King, Duvall, Anderson And Associates, Incorporated, Saint Paul, MN

SBA PPP loan data, payroll data, and salaries for Toltz, King, Duvall, Anderson And Associates, Incorporated
MN

Toltz, King, Duvall, Anderson And Associates, Incorporated

Entity: Employee Stock Ownership Plan (esop)

Industry: Engineering Services

Location: Saint Paul, MN

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Toltz, King, Duvall, Anderson And Associates, Incorporated is an employee stock ownership plan (esop) located at 444 Cedar Street, Suite 1500 in Saint Paul, Minnesota that received a Coronavirus-related PPP loan from the SBA of $6,483,500.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 344 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$6.48M

Jobs Retained:

344

Loan Approved:

2020-04-15

Lender:

BREMER BANK, NATIONAL ASSOCIATION

Toltz, King, Duvall, Anderson And Associates, Incorporated received a Paycheck Protection Loan of $6.48M through BREMER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Toltz, King, Duvall, Anderson And Associates, Incorporated's total 2019 payroll expenses were approximately $31.12M in order to qualify for the PPP loan amount received.

Based on their reported 344 jobs retained, this equals an estimated average yearly compensation of $90,467 per employee1.

Because the loan received by Toltz, King, Duvall, Anderson And Associates, Incorporated 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 - Toltz, King, Duvall, Anderson And Associates, Incorporated in Saint Paul, MN

Toltz, King, Duvall, Anderson And Associates, Incorporated
444 Cedar Street, Suite 1500
Saint Paul, MN 55101

Business Industry

Engineering Services (NAICS code 541330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: MN-04

Similar Companies near Saint Paul

In the Saint Paul area, 8 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 344) and received an average PPP loan of $966,392 (compared to this company's $6.48M).

Industry PPP Comparison Statistics

Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 14 employees, 96% lower than Toltz, King, Duvall, Anderson And Associates, Incorporated's reported 344 employees, and received an average PPP loan of $249,856, 96% lower than this company's loan of $6.48M.

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.

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/toltz-king-duvall-anderson-and-associates-incorporated-saint-paul-mn