PPP Loan Data — La Frontera Center Inc, Tucson, AZ
La Frontera Center Inc
Entity: Non-profit Organization
Location: Tucson, AZTweet This • Search All PPP Data
La Frontera Center Inc is a non-profit organization located at 504 W 29th Street in Tucson, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,108,623.00 in July, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
La Frontera Center Inc in Tucson, AZ received a Paycheck Protection Loan of $2.11M through Wells Fargo Bank, National Association, which was approved in July, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, La Frontera Center Inc's 2019 payroll expenses are estimated to be at least $10.12M.
Based on their reported 485 jobs retained, this equals an estimated average yearly compensation of $20,869 per employee1
Reported PPP Proceed Usage:
On the PPP application, La Frontera Center Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,108,623
Business Information - La Frontera Center Inc in Tucson, AZ
504 W 29th Street
Tucson, AZ 85713
Outpatient Mental Health and Substance Abuse Centers
NAICS code 621420
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Tucson
In the Tucson area, 8 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a PPP loan. These local businesses reported an average of 67 employees (compared to this company's 485) and received an average PPP loan of $296,299 (compared to this company's $2.11M).
Similar Nearby Businesses Who Received PPP Funding:
Ketamine Wellness Centers Tucson LLC
Tucson Hope LLC
Zen Institute LLC
Industry PPP Comparison Statistics
Nationwide, 11,274 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1.83B 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 18 employees, 96% lower than La Frontera Center Inc's reported 485 employees, and received an average PPP loan of $162,367, 92% lower than this company's loan of $2.11M.
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