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PPP Loan Data — Broken Arrow Communications Inc,
Albuquerque, NM
Broken Arrow Communications Inc
Entity: Corporation
Industry: Power and Communication Line and Related Structures Construction
Location: Albuquerque, NM
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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:
Jobs Retained:
212Loan Approved:
2021-03-20Loan Status:
Paid in Full or ForgivenLender:
Transportation Alliance Bank, Inc. d/b/a TAB BankBroken Arrow Communications Inc in Albuquerque, NM received a Paycheck Protection Loan of $2M through Transportation Alliance Bank, Inc. d/b/a TAB Bank, 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 MoreUnderstanding 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 MoreBased 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
Business Information - Broken Arrow Communications Inc in Albuquerque, NM
4455 Anaheim Ave Ne N/a
Albuquerque, NM 87113
Business Industry:
Power and Communication Line and Related Structures Construction
NAICS code 237130
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
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).
Similar Nearby Businesses Who Received PPP Funding:
Elite Power And Recovery Inc
Albuquerque, NM
Light Connections Fiber Solutions Inc
Albuquerque, NM
Megacomm Services LLC
Albuquerque, NM
RJ Communication, Inc
Albuquerque, NM
Industry PPP Comparison Statistics
Nationwide, 4,743 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 $222,173, 89% lower than this company's loan of $2M.
Broken Arrow Communications Inc
Entity: Corporation
Industry: Power and Communication Line and Related Structures Construction
Location: Albuquerque, NM
Tweet This
•
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:
Jobs Retained:
200Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
Cadence BankBroken 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 MoreUnderstanding 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 MoreBased 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
Business Information - Broken Arrow Communications Inc in Albuquerque, NM
4455 Anaheim Ave Ne
Albuquerque, NM 87113
Business Industry:
Power and Communication Line and Related Structures Construction
NAICS code 237130
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
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).
Similar Nearby Businesses Who Received PPP Funding:
Elite Power And Recovery Inc
Albuquerque, NM
Light Connections Fiber Solutions Inc
Albuquerque, NM
Megacomm Services LLC
Albuquerque, NM
RJ Communication, Inc
Albuquerque, NM
Industry PPP Comparison Statistics
Nationwide, 4,743 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 $222,173, 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.
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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