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PPP Loan Data — Academy Of Mathematics And Science South Inc,
Tucson, AZ
Academy Of Mathematics And Science South Inc
Entity: Non-profit Organization
Industry: Elementary and Secondary Schools
Location: Tucson, AZ
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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
Loan Size:
Jobs Retained:
343Loan Approved:
2020-05-01Lender:
ZIONS BANK, A DIVISION OFAcademy 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
Business Industry
Elementary and Secondary Schools (NAICS code 611110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: AZ-03Similar 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).
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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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