PPP Loan Data — Sonoran Schools, Gilbert, AZ
Sonoran Schools is a non-profit organization located at 1489 Elliot Rd #d-103 in Gilbert, Arizona that received a Coronavirus-related PPP loan from the SBA of $1,531,890.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Western Alliance Bank
Sonoran Schools in Gilbert, AZ received a Paycheck Protection Loan of $1.53M through Western Alliance Bank, which was approved in April, 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, Sonoran Schools' 2019 payroll expenses are estimated to be at least $7.35M.
Based on their reported 135 jobs retained, this equals an estimated average yearly compensation of $54,467 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sonoran Schools reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,519,890
- Rent: $12,000
Business Information - Sonoran Schools in Gilbert, AZ
1489 Elliot Rd #d-103
Gilbert, AZ 85233
Educational Support Services
NAICS code 611710
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Gilbert
In the Gilbert area, 11 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 135) and received an average PPP loan of $164,846 (compared to this company's $1.53M).
Similar Nearby Businesses Who Received PPP Funding:
San Tan Montessori LLC
Arizona Swim Schools LLC
Kansas Swim Schools LLC
United Sound Inc
Industry PPP Comparison Statistics
Nationwide, 39,474 businesses in the "Educational Support Services" industry received a total of $2.35B 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 7 employees, 95% lower than Sonoran Schools' reported 135 employees, and received an average PPP loan of $59,417, 96% lower than this company's loan of $1.53M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!