PPP Loan Data — Catholic Community Services Of Southern Arizona, Inc, Tucson, AZ
Catholic Community Services Of Southern Arizona, Inc is a professional association located at 140 W. Speedway Blvd, Suite 230 in Tucson, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,782,800.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Western Alliance Bank
Catholic Community Services Of Southern Arizona, Inc in Tucson, AZ received a Paycheck Protection Loan of $2.78M through Western Alliance Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Catholic Community Services Of Southern Arizona, Inc's 2019 payroll expenses are estimated to be at least $13.36M.
Based on their reported 463 jobs retained, this equals an estimated average yearly compensation of $28,850 per employee1
Reported PPP Proceed Usage:
On the PPP application, Catholic Community Services Of Southern Arizona, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,782,800
Business Information - Catholic Community Services Of Southern Arizona, Inc in Tucson, AZ
140 W. Speedway Blvd, Suite 230
Tucson, AZ 85705
Other Individual and Family Services
NAICS code 624190
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Tucson
In the Tucson area, 9 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 463) and received an average PPP loan of $327,877 (compared to this company's $2.78M).
Similar Nearby Businesses Who Received PPP Funding:
Renewal Centers, Inc
Relational Advantage Inc
Arsobo Arizona Sonora Border Projects Fo
Colibri Center For Human Rights
The Grief & Wellness Group, Inc
Mindful Lactation LLC
Industry PPP Comparison Statistics
Nationwide, 25,118 businesses in the "Other Individual and Family Services" industry received a total of $2.96B 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 16 employees, 97% lower than Catholic Community Services Of Southern Arizona, Inc's reported 463 employees, and received an average PPP loan of $117,860, 96% lower than this company's loan of $2.78M.
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Footnotes & Information
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