PPP Loan Data — Strongmind, Inc., Chandler, AZ
Strongmind, Inc. is a corporation located at 2471 N Arizona Ave in Chandler, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,641,700.00 in April, 2020.
$ PPP Loan Information
Lender:WESTERN ALLIANCE BANK
Strongmind, Inc. in Chandler, AZ received a Paycheck Protection Loan of $2.64M through WESTERN ALLIANCE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Strongmind, Inc.'s total 2019 payroll expenses were approximately $12.68M in order to qualify for the PPP loan amount received.
Based on their reported 246 jobs retained, this equals an estimated average yearly compensation of $51,545 per employee1.
Business Information - Strongmind, Inc. in Chandler, AZ
2471 N Arizona Ave
Chandler, AZ 85225
Educational Support Services (NAICS code 611710)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AZ-09
Similar Companies near Chandler
In the Chandler area, 11 businesses in the "Educational Support Services" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 246) and received an average PPP loan of $267,277 (compared to this company's $2.64M).
Similar Nearby Businesses Who Received PPP Funding:
Tutor House Tutoring Services
Lincoln Strategy Group
Story Monsters LLC
Raising Happiness Child Therapy, PLLC
Employment Group Ptlc Inc
Stem 4 Kids Inc
Industry PPP Comparison Statistics
Nationwide, 14,366 businesses in the "Educational Support Services" industry received a total of $1,365,122,225.00 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 9 employees, 96% lower than Strongmind, Inc.'s reported 246 employees, and received an average PPP loan of $95,025, 96% lower than this company's loan of $2.64M.
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Footnotes & Information
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