PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Broken Arrow Communications Inc, Albuquerque, NM

ALERT: There are 2 PPP loans for a total of $5.6M in our database for businesses with the name "Broken Arrow Communications Inc" in Albuquerque, NM. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Broken Arrow Communications Inc
NM

Broken Arrow Communications Inc

Entity: Corporation

Industry: Power and Communication Line and Related Structures Construction

Location: Albuquerque, NM

Search All PPP Data

Broken Arrow Communications Inc is a corporation located at 4455 Anaheim Ave Ne N/a in Albuquerque, New Mexico that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.

$ PPP Loan Information
Loan #5901478601

Loan Size:

$2M

Jobs Retained:

212

Loan Approved:

2021-03-20

Loan Status:

Paid in Full or Forgiven

Lender:

Transportation Alliance Bank, Inc. d/b/a TAB Bank, Inc.

Broken Arrow Communications Inc in Albuquerque, NM received a Paycheck Protection Loan of $2M through Transportation Alliance Bank, Inc. d/b/a TAB Bank, Inc., which was approved in March, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Broken Arrow Communications Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 212 jobs retained, this equals an estimated average yearly compensation of $45,283 per employee1

Reported PPP Proceed Usage:

On the PPP application, Broken Arrow Communications Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,997
  • Utilities: $1
Because the loan received by Broken Arrow Communications 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 - Broken Arrow Communications Inc in Albuquerque, NM

Broken Arrow Communications Inc
4455 Anaheim Ave Ne N/a
Albuquerque, NM 87113

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Bernalillo County, NM — SBA Office 0682 — Congressional District: NM-01

Similar Companies near Albuquerque

In the Albuquerque area, 6 businesses in the "Power and Communication Line and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 212) and received an average PPP loan of $1,130,329 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 4,745 businesses in the "Power and Communication Line and Related Structures Construction" industry received a total of $1.05B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 18 employees, 92% lower than Broken Arrow Communications Inc's reported 212 employees, and received an average PPP loan of $222,085, 89% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Broken Arrow Communications Inc
NM

Broken Arrow Communications Inc

Entity: Corporation

Industry: Power and Communication Line and Related Structures Construction

Location: Albuquerque, NM

Search All PPP Data

Broken Arrow Communications Inc is a corporation located at 4455 Anaheim Ave Ne in Albuquerque, New Mexico that received a Coronavirus-related PPP loan from the SBA of $3,602,500.00 in April, 2020.

$ PPP Loan Information
Loan #6292277101

Loan Size:

$3.6M

Jobs Retained:

200

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

Cadence Bank

Broken Arrow Communications Inc in Albuquerque, NM received a Paycheck Protection Loan of $3.6M through Cadence Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Broken Arrow Communications Inc's 2019 payroll expenses are estimated to be at least $17.29M.

Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $86,460 per employee1

Reported PPP Proceed Usage:

On the PPP application, Broken Arrow Communications Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,882,500
  • Utilities: $14,500
  • Rent: $121,251
  • Debt Interest: $584,249
Because the loan received by Broken Arrow Communications 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 - Broken Arrow Communications Inc in Albuquerque, NM

Broken Arrow Communications Inc
4455 Anaheim Ave Ne
Albuquerque, NM 87113

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Bernalillo County, NM — SBA Office 0682 — Congressional District: NM-01

Similar Companies near Albuquerque

In the Albuquerque area, 6 businesses in the "Power and Communication Line and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 200) and received an average PPP loan of $1,130,329 (compared to this company's $3.6M).

Industry PPP Comparison Statistics

Nationwide, 4,745 businesses in the "Power and Communication Line and Related Structures Construction" industry received a total of $1.05B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 18 employees, 91% lower than Broken Arrow Communications Inc's reported 200 employees, and received an average PPP loan of $222,085, 94% lower than this company's loan of $3.6M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/broken-arrow-communications-inc-albuquerque-nm