PPP Loan Data — Umom New Day Centers, Phoenix, AZ
Umom New Day Centers is a non-profit organization located at 3333 E Van Buren St in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,467,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:BOKF, National Association
Umom New Day Centers in Phoenix, AZ received a Paycheck Protection Loan of $2.47M through BOKF, 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 June, 2021.
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, Umom New Day Centers' 2019 payroll expenses are estimated to be at least $11.84M.
Based on their reported 249 jobs retained, this equals an estimated average yearly compensation of $47,559 per employee1
Reported PPP Proceed Usage:
On the PPP application, Umom New Day Centers reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,467,100
Business Information - Umom New Day Centers in Phoenix, AZ
3333 E Van Buren St
Phoenix, AZ 85008
NAICS code 624221
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,076 businesses in the "Temporary Shelters" industry received a total of $349.6M 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 24 employees, 90% lower than Umom New Day Centers' reported 249 employees, and received an average PPP loan of $168,403, 93% lower than this company's loan of $2.47M.
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Footnotes & Information
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