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PPP Loan Data — Cooperative Educational Services,
Albuquerque, NM
Cooperative Educational Services
Entity: Non-profit Organization
Industry: Research and Development in the Social Sciences and Humanities
Location: Albuquerque, NM
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Cooperative Educational Services is a non-profit organization located at 4216 Balloon Park Rd in Albuquerque, New Mexico that received a Coronavirus-related PPP loan from the SBA of $2,452,900.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
301Loan Approved:
2020-04-28Lender:
BOKF, NATIONAL ASSOCIATIONCooperative Educational Services in Albuquerque, NM received a Paycheck Protection Loan of $2.45M through BOKF, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cooperative Educational Services' total 2019 payroll expenses were approximately $11.77M in order to qualify for the PPP loan amount received.
Based on their reported 301 jobs retained, this equals an estimated average yearly compensation of $39,116 per employee1.
Business Information - Cooperative Educational Services in Albuquerque, NM
4216 Balloon Park Rd
Albuquerque, NM 87109
Business Industry
Research and Development in the Social Sciences and Humanities (NAICS code 541720)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NM-01Similar Companies near Albuquerque
In the Albuquerque area, 3 businesses in the "Research and Development in the Social Sciences and Humanities" industry received a PPP loan. These local businesses reported an average of 121 employees (compared to this company's 301) and received an average PPP loan of $943,883 (compared to this company's $2.45M).
Similar Nearby Businesses Who Received PPP Funding:
Biomedical Research Institute Of New Mexico
Albuquerque, NM
TPL, Inc.
Albuquerque, NM
Industry PPP Comparison Statistics
Nationwide, 1,676 businesses in the "Research and Development in the Social Sciences and Humanities" industry received a total of $312,582,454.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 96% lower than Cooperative Educational Services' reported 301 employees, and received an average PPP loan of $186,505, 92% lower than this company's loan of $2.45M.
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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