PPP Loan Information — MATANUSKA TELEPHONE ASSOCIATION
MATANUSKA TELEPHONE ASSOCIATION is a cooperative located in Palmer, Alaska that received a Coronavirus-related PPP loan from the SBA of at least $5,000,000.00 in June, 2020.
PPP Loan Information
$5M to $5.56M
MATANUSKA TELEPHONE ASSOCIATION received a Paycheck Protection Loan of between 5M and 10M through CoBank ACB, which was approved in June, 2020.
When accounting for 267 claimed employees and the PPP salary cap of $100k per employee, the actual maximum PPP received by this business is likely $5.56M2.
Based on standard PPP eligibility rules, MATANUSKA TELEPHONE ASSOCIATION's total 2019 payroll expenses were between $24M and $26.7M+ in order to qualify for the PPP loan amount received. Based on their reported 267 jobs retained, this equals an estimated average yearly compensation between $89,888 and $100,000+ per employee1.
Business Information - MATANUSKA TELEPHONE ASSOCIATION in PALMER, AK
1740 S. CHUGACH ST
PALMER, AK 99645
Wired Telecommunications Carriers (NAICS code 517311)
Business Owner Demographics
Race / Ethnicity: Unanswered
Veteran Status: UnansweredAK - 00
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.