Navajo Tribal Utility Authority in Fort Defiance, AZ - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Navajo Tribal Utility Authority, Fort Defiance, AZ

AZ Nonprofit Organization

Navajo Tribal Utility Authority

Entity: Non-profit Organization

Industry: Electric Power Distribution

Location: Fort Defiance, AZ

Navajo Tribal Utility Authority is a non-profit organization located at Po Box 170 in Fort Defiance, Arizona that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$10M

Jobs Retained:

500

Loan Approved:

2020-04-11

Lender:

GREAT WESTERN BANK

Navajo Tribal Utility Authority in Fort Defiance, AZ received a Paycheck Protection Loan of $10M through GREAT WESTERN BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Navajo Tribal Utility Authority's total 2019 payroll expenses were approximately $48M 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 $96,000 per employee¹.

Because the loan received by Navajo Tribal Utility Authority 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 Tribal Utility Authority in Fort Defiance, AZ

Navajo Tribal Utility Authority
Po Box 170
Fort Defiance, AZ 86504

Business Industry

Electric Power Distribution (NAICS code 221122)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AZ-01

Industry PPP Comparison Statistics

Nationwide, 823 businesses in the "Electric Power Distribution" industry received a total of $508,939,757.00 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 31 employees, 94% lower than Navajo Tribal Utility Authority's reported 500 employees, and received an average PPP loan of $618,396, 94% lower than this company's loan of $10M.

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.

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.

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