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PPP Loan Information — GEONORTH, LLC.

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

GEONORTH, LLC.

Business Type: Limited Liability Company(LLC)

Industry: Custom Computer Programming Services

Location: ANCHORAGE, AK

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GEONORTH, LLC. is a limited liability company(llc) located in Anchorage, Alaska that received a Coronavirus-related PPP loan from the SBA of at least $2,000,000.00 in April, 2020.

PPP Loan Information

Loan Size:

$2M to $5M
Likely Actual Range:
$2M to $3.92M

Jobs Retained:

188

Loan Approved:

2020-04-13

Lender:

KeyBank National Association

GEONORTH, LLC. received a Paycheck Protection Loan of between 2M and 5M through KeyBank National Association, which was approved in April, 2020.

When accounting for 188 claimed employees and the PPP salary cap of $100k per employee, the actual maximum PPP received by this business is likely $3.92M2.

Based on standard PPP eligibility rules, GEONORTH, LLC.'s total 2019 payroll expenses were between $9.6M and $18.8M+ in order to qualify for the PPP loan amount received. Based on their reported 188 jobs retained, this equals an estimated average yearly compensation between $51,064 and $100,000+ per employee1.

Because the loan received by GEONORTH, LLC. 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 - GEONORTH, LLC. in ANCHORAGE, AK

GEONORTH, LLC.
561 E. 36th Ave.
ANCHORAGE, AK 99503

Business Industry

Custom Computer Programming Services (NAICS code 541511)

Business Owner Demographics

Race / Ethnicity: Unanswered

Gender: Unanswered

Veteran Status: Unanswered

AK - 00

Similar Nearby Businesses Who Received PPP Funding:

RESOURCE DATA, INC
($2-5 million)
ARCTIC INFORMATION TECHNOLOGY INC
($1-2 million)
PANGO TECHNOLOGY, INC
($350,000-1 million)


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/42-pops-inc-vernon-ca