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PPP Loan Information — MATANUSKA TELEPHONE ASSOCIATION

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

MATANUSKA TELEPHONE ASSOCIATION

Business Type: Cooperative

Industry: Wired Telecommunications Carriers

Location: PALMER, AK

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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

Loan Size:

$5M to $10M
Likely Actual Range:
$5M to $5.56M

Jobs Retained:

267

Loan Approved:

2020-06-10

Lender:

CoBank ACB

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.

Because the loan received by MATANUSKA TELEPHONE ASSOCIATION 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 - MATANUSKA TELEPHONE ASSOCIATION in PALMER, AK

MATANUSKA TELEPHONE ASSOCIATION
1740 S. CHUGACH ST
PALMER, AK 99645

Business Industry

Wired Telecommunications Carriers (NAICS code 517311)

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/5-matanuska-telephone-association-palmer-ak