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PPP Loan Information — ARCTIC SLOPE NATIVE ASSOCIATION, LTD.

SBA PPP loan data, payroll data, and salaries for
AK Nonprofit Organization

ARCTIC SLOPE NATIVE ASSOCIATION, LTD.

Business Type: Non-Profit Organization

Industry: Professional Organizations

Location: BARROW, AK

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ARCTIC SLOPE NATIVE ASSOCIATION, LTD. is a non-profit organization located in Barrow, Alaska that received a Coronavirus-related PPP loan from the SBA of at least $5,000,000.00 in April, 2020.

PPP Loan Information

Loan Size:

$5M to $10M
Likely Actual Range:
$5M to $6.15M

Jobs Retained:

295

Loan Approved:

2020-04-14

Lender:

National Cooperative Bank, National Association

ARCTIC SLOPE NATIVE ASSOCIATION, LTD. received a Paycheck Protection Loan of between 5M and 10M through National Cooperative Bank, National Association, which was approved in April, 2020.

When accounting for 295 claimed employees and the PPP salary cap of $100k per employee, the actual maximum PPP received by this business is likely $6.15M2.

Based on standard PPP eligibility rules, ARCTIC SLOPE NATIVE ASSOCIATION, LTD.'s total 2019 payroll expenses were between $24M and $29.5M+ in order to qualify for the PPP loan amount received. Based on their reported 295 jobs retained, this equals an estimated average yearly compensation between $81,356 and $100,000+ per employee1.

Because the loan received by ARCTIC SLOPE NATIVE ASSOCIATION, LTD. 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 - ARCTIC SLOPE NATIVE ASSOCIATION, LTD. in BARROW, AK

ARCTIC SLOPE NATIVE ASSOCIATION, LTD.
7000 Uula St
BARROW, AK 99723

Business Industry

Professional Organizations (NAICS code 813920)

Business Owner Demographics

Race / Ethnicity: Unanswered

Gender: Unanswered

Veteran Status: Unanswered

AK - 00


Employee Statistics

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for private companies that received a PPP loan of $150,000 or over. 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.

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/1-arctic-slope-native-association-ltd-barrow-ak