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PPP Loan Data — Instituto Lab,
Phoenix, AZ
Instituto Lab
Entity: Non-profit Organization
Industry: Other Individual and Family Services
Location: Phoenix, AZ
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Instituto Lab is a non-profit organization located at 221 E Indianola Ave in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $13,200.00 in January, 2021.
The company has reported itself as a male owned non-profit, and employed at least three people during the applicable loan loan period.
$
PPP Loan Information
Loan #1327028308
Loan Size:
Jobs Retained:
3Loan Approved:
2021-01-16Loan Status:
Paid in Full or ForgivenLender:
MariSol FCUInstituto Lab in Phoenix, AZ received a Paycheck Protection Loan of $13,200 through MariSol FCU, which was approved in January, 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 May, 2022.
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, Instituto Lab's 2019 payroll expenses are estimated to be at least $63,360.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $21,120 per employee1
Reported PPP Proceed Usage:
On the PPP application, Instituto Lab reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $13,200
Business Information - Instituto Lab in Phoenix, AZ
221 E Indianola Ave
Phoenix, AZ 85012
Business Industry:
Other Individual and Family Services
NAICS code 624190
Business Owner Demographics
Race: Unreported
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 8 other businesses that received a PPP loan registered to the same address as Instituto Lab.
Eeko Studios LLC
Graphic Design Services
Eeko Studio LLC
Graphic Design Services
80-20 Records LLC
Other Sound Recording Industries
258 Consulting LLC
All Other Personal Services
Aaron Kes
All Other Professional, Scientific, and Technical Services
Co+Hoots Foundation
Grantmaking Foundations
Sinova Solutions LLC
Marketing Consulting Services
Activate Food Arizona
All Other Miscellaneous Food Manufacturing
Similar Companies near Phoenix
In the Phoenix area, 14 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 3) and received an average PPP loan of $541,758 (compared to this company's $13,200).
Similar Nearby Businesses Who Received PPP Funding:
Ackourey Counseling
Phoenix, AZ
Track House Life, LLC
Phoenix, AZ
Phoenix Indian Center, Inc
Phoenix, AZ
Scarbrough & Associates
Phoenix, AZ
Therapeutic Harp Foundation
Phoenix, Az, AZ
Therapeutic Harp Foundation
Phoenix, AZ
Open Table, Inc
Phoenix, AZ
Keogh Health Connection
Phoenix, AZ
The Arizona Pet Project
Phoenix, AZ
Industry PPP Comparison Statistics
Nationwide, 24,879 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, 433% higher than Instituto Lab's reported 3 employees, and received an average PPP loan of $118,810, 800% higher than this company's loan of $13,200.
Instituto Lab
Entity: Non-profit Organization
Industry: Other Social Advocacy Organizations
Location: Phoenix, AZ
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Instituto Lab is a non-profit organization located at 221 E. Indianola Ave. in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $9,100.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least two people during the applicable loan loan period.
$
PPP Loan Information
Loan #7570827302
Loan Size:
Jobs Retained:
2Loan Approved:
2020-04-30Loan Status:
Paid in Full or ForgivenLender:
MariSol FCUInstituto Lab in Phoenix, AZ received a Paycheck Protection Loan of $9,100 through MariSol FCU, 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 October, 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, Instituto Lab's 2019 payroll expenses are estimated to be at least $43,680.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $21,840 per employee1
Reported PPP Proceed Usage:
On the PPP application, Instituto Lab reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $9,100
Business Information - Instituto Lab in Phoenix, AZ
221 E. Indianola Ave.
Phoenix, AZ 85012
Business Industry:
Other Social Advocacy Organizations
NAICS code 813319
Business Owner Demographics
Race: Unreported
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Phoenix
In the Phoenix area, 2 businesses in the "Other Social Advocacy Organizations" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 2) and received an average PPP loan of $24,200 (compared to this company's $9,100).
Similar Nearby Businesses Who Received PPP Funding:
Children's Action Alliance
Phoenix, AZ
Industry PPP Comparison Statistics
Nationwide, 9,844 businesses in the "Other Social Advocacy Organizations" industry received a total of $1.43B 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, 700% higher than Instituto Lab's reported 2 employees, and received an average PPP loan of $145,144, 1495% higher than this company's loan of $9,100.
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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