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PPP Loan Data — Tatonduk Outfitters LTD,
Fairbanks, AK
Tatonduk Outfitters LTD
Entity: Subchapter S Corporation
Industry: Nonscheduled Chartered Passenger Air Transportation
Location: Fairbanks, AK
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Tatonduk Outfitters LTD is a subchapter s corporation located at 5525 Airport Industrial Rd. in Fairbanks, Alaska that received a Coronavirus-related PPP loan from the SBA of $4,277,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 336 people during the applicable loan loan period.
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PPP Loan Information
Loan #3380457103
Loan Size:
Jobs Retained:
336Loan Approved:
2020-04-11Loan Status:
Paid in Full or ForgivenLender:
KeyBank National AssociationTatonduk Outfitters LTD in Fairbanks, AK received a Paycheck Protection Loan of $4.28M 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 August, 2021.
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.
Read MoreUnderstanding 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 MoreBased 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, Tatonduk Outfitters LTD's 2019 payroll expenses are estimated to be at least $20.53M.
Based on their reported 336 jobs retained, this equals an estimated average yearly compensation of $61,100 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tatonduk Outfitters LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,277,000
Business Information - Tatonduk Outfitters LTD in Fairbanks, AK
5525 Airport Industrial Rd.
Fairbanks, AK 99709
Business Industry:
Nonscheduled Chartered Passenger Air Transportation
NAICS code 481211
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age:
LMI Zone: N
HUBZone: Y
Rural / Urban: Rural
Similar Companies near Fairbanks
In the Fairbanks area, 6 businesses in the "Nonscheduled Chartered Passenger Air Transportation" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 336) and received an average PPP loan of $728,555 (compared to this company's $4.28M).
Similar Nearby Businesses Who Received PPP Funding:
Shadow Aviation Inc
Fairbanks, AK
Tundra LTD
Fairbanks, AK
Arctic Air Inc
Fairbanks, AK
Trinity Air, Inc
Fairbanks, AK
Industry PPP Comparison Statistics
Nationwide, 1,608 businesses in the "Nonscheduled Chartered Passenger Air Transportation" industry received a total of $372.63M 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 16 employees, 95% lower than Tatonduk Outfitters LTD's reported 336 employees, and received an average PPP loan of $231,733, 95% lower than this company's loan of $4.28M.
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.
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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