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PPP Loan Data — Tatitlek Federal Services, Inc, Anchorage, AK

SBA PPP loan data, payroll data, and salaries for Tatitlek Federal Services, Inc
AK

Tatitlek Federal Services, Inc

Entity: Corporation

Industry: Security Guards and Patrol Services

Location: Anchorage, AK

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Tatitlek Federal Services, Inc is a corporation located at 561 E. 36th Ave. in Anchorage, Alaska that received a Coronavirus-related PPP loan from the SBA of $761,215.00 in April, 2020.

$ PPP Loan Information
Loan #6871927100

Loan Size:

$761,215

Jobs Retained:

139

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

KeyBank National Association

Tatitlek Federal Services, Inc in Anchorage, AK received a Paycheck Protection Loan of $761,215 through KeyBank National Association, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in October, 2020.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

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Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Tatitlek Federal Services, Inc's 2019 payroll expenses are estimated to be at least $3.65M.

Based on their reported 139 jobs retained, this equals an estimated average yearly compensation of $26,287 per employee1

Reported PPP Proceed Usage:

On the PPP application, Tatitlek Federal Services, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $761,215

Business Information - Tatitlek Federal Services, Inc in Anchorage, AK

Tatitlek Federal Services, Inc
561 E. 36th Ave.
Anchorage, AK 99503

Business Industry:
Security Guards and Patrol Services
NAICS code 561612

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Anchorage County, AK — SBA Office 1084 — Congressional District: AK-

Similar Companies near Anchorage

In the Anchorage area, 2 businesses in the "Security Guards and Patrol Services" industry received a PPP loan. These local businesses reported an average of 168 employees (compared to this company's 139) and received an average PPP loan of $1,358,708 (compared to this company's $761,215).

Similar Nearby Businesses Who Received PPP Funding:

Guardian Security Systems, Inc
Anchorage, AK

$1.96M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 14,660 businesses in the "Security Guards and Patrol Services" industry received a total of $1.46B 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 18 employees, 87% lower than Tatitlek Federal Services, Inc's reported 139 employees, and received an average PPP loan of $99,483, 87% lower than this company's loan of $761,215.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/tatitlek-federal-services-inc-anchorage-ak