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PPP Loan Data — A New Leaf, Inc., Mesa, AZ

SBA PPP loan data, payroll data, and salaries for A New Leaf, Inc.
AZ Nonprofit Organization

A New Leaf, Inc.

Entity: Non-profit Organization

Industry: Child Day Care Services

Location: Mesa, AZ

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A New Leaf, Inc. is a non-profit organization located at 868 E University Dr in Mesa, Arizona that received a Coronavirus-related PPP loan from the SBA of $4,707,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.71M

Jobs Retained:

487

Loan Approved:

2020-04-09

Lender:

MIDFIRST BANK

A New Leaf, Inc. received a Paycheck Protection Loan of $4.71M through MIDFIRST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, A New Leaf, Inc.'s total 2019 payroll expenses were approximately $22.6M in order to qualify for the PPP loan amount received.

Based on their reported 487 jobs retained, this equals an estimated average yearly compensation of $46,401 per employee1.

Because the loan received by A New Leaf, Inc. 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 - A New Leaf, Inc. in Mesa, AZ

A New Leaf, Inc.
868 E University Dr
Mesa, AZ 85203

Business Industry

Child Day Care Services (NAICS code 624410)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AZ-09

Similar Companies near Mesa

In the Mesa area, 14 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 487) and received an average PPP loan of $401,507 (compared to this company's $4.71M).

Industry PPP Comparison Statistics

Nationwide, 42,269 businesses in the "Child Day Care Services" industry received a total of $2,725,013,735.00 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 11 employees, 98% lower than A New Leaf, Inc.'s reported 487 employees, and received an average PPP loan of $64,468, 99% lower than this company's loan of $4.71M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/a-new-leaf-inc-mesa-az