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PPP Loan Data — Navajo Technical University, Crownpoint, NM

SBA PPP loan data, payroll data, and salaries for Navajo Technical University
NM Nonprofit Organization

Navajo Technical University

Entity: Non-profit Organization

Industry: American Indian and Alaska Native Tribal Governments

Location: Crownpoint, NM

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Navajo Technical University is a non-profit organization located at Lower Point Road State Road 371 in Crownpoint, New Mexico that received a Coronavirus-related PPP loan from the SBA of $3,159,107.00 in June, 2020.

$ PPP Loan Information

Loan Size:

$3.16M

Jobs Retained:

314

Loan Approved:

2020-06-11

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Navajo Technical University in Crownpoint, NM received a Paycheck Protection Loan of $3.16M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in June, 2020.

Based on standard PPP eligibility rules, Navajo Technical University's total 2019 payroll expenses were approximately $15.16M in order to qualify for the PPP loan amount received.

Based on their reported 314 jobs retained, this equals an estimated average yearly compensation of $48,292 per employee1.

Because the loan received by Navajo Technical University 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 - Navajo Technical University in Crownpoint, NM

Navajo Technical University
Lower Point Road State Road 371
Crownpoint, NM 87313

Business Industry

American Indian and Alaska Native Tribal Governments (NAICS code 921150)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NM-03

Industry PPP Comparison Statistics

Nationwide, 165 businesses in the "American Indian and Alaska Native Tribal Governments" industry received a total of $104,326,168.00 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 61 employees, 81% lower than Navajo Technical University's reported 314 employees, and received an average PPP loan of $632,280, 80% lower than this company's loan of $3.16M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/navajo-technical-university-crownpoint-nm