PPP Loan Data — Academy Of Mathematics And Science South Inc, Tucson, AZ
Academy Of Mathematics And Science South Inc is a non-profit organization located at 3448 N 1st Ave in Tucson, Arizona that received a Coronavirus-related PPP loan from the SBA of $4,082,200.00 in May, 2020.
$ PPP Loan Information
Lender:ZIONS BANK, A DIVISION OF
Academy Of Mathematics And Science South Inc in Tucson, AZ received a Paycheck Protection Loan of $4.08M through ZIONS BANK, A DIVISION OF, which was approved in May, 2020.
Based on standard PPP eligibility rules, Academy Of Mathematics And Science South Inc's total 2019 payroll expenses were approximately $19.59M in order to qualify for the PPP loan amount received.
Based on their reported 343 jobs retained, this equals an estimated average yearly compensation of $57,127 per employee1.
Business Information - Academy Of Mathematics And Science South Inc in Tucson, AZ
3448 N 1st Ave
Tucson, AZ 85719
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AZ-03
Similar Companies near Tucson
In the Tucson area, 12 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 343) and received an average PPP loan of $736,804 (compared to this company's $4.08M).
Similar Nearby Businesses Who Received PPP Funding:
Kino Learning Center, Inc.
Merkos Chabad Of Tucson
Academy Adventures, Inc.
Academy Of Mathematics And Science Inc
W.B. Collins Early Learning Project
HA San Employee Services LLC
Tucson Hebrew Academy, Inc.
Industry PPP Comparison Statistics
Nationwide, 15,362 businesses in the "Elementary and Secondary Schools" industry received a total of $5,824,752,723.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 38 employees, 89% lower than Academy Of Mathematics And Science South Inc's reported 343 employees, and received an average PPP loan of $379,166, 91% lower than this company's loan of $4.08M.
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, 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.
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