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PPP Loan Data — Corvus Airlines Inc, Anchorage, AK

SBA PPP loan data, payroll data, and salaries for Corvus Airlines Inc

Corvus Airlines Inc

Entity: Corporation

Industry: Scheduled Passenger Air Transportation

Location: Anchorage, AK

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Corvus Airlines Inc is a corporation located at 4700 Old International Airport Rd in Anchorage, Alaska that received a Coronavirus-related PPP loan from the SBA of $7,398,948.00 in August, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Corvus Airlines Inc received a Paycheck Protection Loan of $7.4M through IDAHO FIRST BANK, which was approved in August, 2020.

Based on standard PPP eligibility rules, Corvus Airlines Inc's total 2019 payroll expenses were approximately $35.51M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $71,030 per employee1.

Because the loan received by Corvus Airlines 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 - Corvus Airlines Inc in Anchorage, AK

Corvus Airlines Inc
4700 Old International Airport Rd
Anchorage, AK 99502

Business Industry

Scheduled Passenger Air Transportation (NAICS code 481111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AK-

Similar Companies near Anchorage

In the Anchorage area, 4 businesses in the "Scheduled Passenger Air Transportation" industry received a PPP loan. These local businesses reported an average of 181 employees (compared to this company's 500) and received an average PPP loan of $2,766,713 (compared to this company's $7.4M).

Industry PPP Comparison Statistics

Nationwide, 574 businesses in the "Scheduled Passenger Air Transportation" industry received a total of $114,583,734.00 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 17 employees, 97% lower than Corvus Airlines Inc's reported 500 employees, and received an average PPP loan of $199,623, 97% lower than this company's loan of $7.4M.

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.

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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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** This Document Provided By - The Civil Employee's Resource **