PPP Loan Data — Cooperative Educational Services, Albuquerque, NM
Cooperative Educational Services
Entity: Non-profit Organization
Location: Albuquerque, NMTweet This • Search All PPP Data
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
Lender:BOKF, NATIONAL ASSOCIATION
Cooperative 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
Research and Development in the Social Sciences and Humanities (NAICS code 541720)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NM-01
Similar 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
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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