PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Ivory Employee Leasing Corporation, Salt Lake City, UT

SBA PPP loan data, payroll data, and salaries for Ivory Employee Leasing Corporation
UT

Ivory Employee Leasing Corporation

Entity: Corporation

Industry: New Housing For-Sale Builders

Location: Salt Lake City, UT

Search All PPP Data

Ivory Employee Leasing Corporation is a corporation located at 978 Woodoak Lane in Salt Lake City, Utah that received a Coronavirus-related PPP loan from the SBA of $2,739,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.74M

Jobs Retained:

181

Loan Approved:

2020-04-07

Lender:

ZIONS BANK, A DIVISION OF

Ivory Employee Leasing Corporation received a Paycheck Protection Loan of $2.74M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, Ivory Employee Leasing Corporation's total 2019 payroll expenses were approximately $13.15M in order to qualify for the PPP loan amount received.

Based on their reported 181 jobs retained, this equals an estimated average yearly compensation of $72,650 per employee1.

Because the loan received by Ivory Employee Leasing Corporation 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 - Ivory Employee Leasing Corporation in Salt Lake City, UT

Ivory Employee Leasing Corporation
978 Woodoak Lane
Salt Lake City, UT 84117

Business Industry

New Housing For-Sale Builders (NAICS code 236117)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: UT-03

Industry PPP Comparison Statistics

Nationwide, 7,736 businesses in the "New Housing For-Sale Builders" industry received a total of $770,266,772.00 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 7 employees, 96% lower than Ivory Employee Leasing Corporation's reported 181 employees, and received an average PPP loan of $99,569, 96% lower than this company's loan of $2.74M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/ivory-employee-leasing-corporation-salt-lake-city-ut