PPP Loan Data — Serrato Corporation, Tucson, AZ
Serrato Corporation is a corporation located at 135 Council St W in Tucson, Arizona that received a Coronavirus-related PPP loan from the SBA of $6,194,435.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:U.S. BANK, NATIONAL ASSOCIATION
Serrato Corporation in Tucson, AZ received a Paycheck Protection Loan of $6.19M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Serrato Corporation's total 2019 payroll expenses were approximately $29.73M 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 $59,467 per employee1.
Business Information - Serrato Corporation in Tucson, AZ
135 Council St W
Tucson, AZ 85701
Other Technical and Trade Schools (NAICS code 611519)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: VETERANCongressional District: AZ-03
Similar Companies near Tucson
In the Tucson area, 2 businesses in the "Other Technical and Trade Schools" industry received a PPP loan. These local businesses reported an average of 251 employees (compared to this company's 500) and received an average PPP loan of $3,099,668 (compared to this company's $6.19M).
Similar Nearby Businesses Who Received PPP Funding:
Acupuncture Del Soul
Industry PPP Comparison Statistics
Nationwide, 2,830 businesses in the "Other Technical and Trade Schools" industry received a total of $289,734,458.00 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 11 employees, 98% lower than Serrato Corporation's reported 500 employees, and received an average PPP loan of $102,380, 98% lower than this company's loan of $6.19M.
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.
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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