PPP Loan Data — Utah Symphony & Opera, Salt Lake City, UT
Utah Symphony & Opera is a non-profit organization located at 123 West S. Temple in Salt Lake City, Utah that received a Coronavirus-related PPP loan from the SBA of $2,809,400.00 in April, 2020.
$ PPP Loan Information
Lender:ZIONS BANK, A DIVISION OF
Utah Symphony & Opera received a Paycheck Protection Loan of $2.81M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.
Based on standard PPP eligibility rules, Utah Symphony & Opera's total 2019 payroll expenses were approximately $13.49M in order to qualify for the PPP loan amount received.
Based on their reported 214 jobs retained, this equals an estimated average yearly compensation of $63,015 per employee1.
Business Information - Utah Symphony & Opera in Salt Lake City, UT
123 West S. Temple
Salt Lake City, UT 84101
Other Performing Arts Companies (NAICS code 711190)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: UT-02
Similar Companies near Salt Lake City
In the Salt Lake City area, 3 businesses in the "Other Performing Arts Companies" industry received a PPP loan. These local businesses reported an average of 143 employees (compared to this company's 214) and received an average PPP loan of $1,500,106 (compared to this company's $2.81M).
Similar Nearby Businesses Who Received PPP Funding:
Salt Lake City, UT
Hidden Lotus Tattoo
Salt Lake City, UT
Industry PPP Comparison Statistics
Nationwide, 9,672 businesses in the "Other Performing Arts Companies" industry received a total of $358,679,498.00 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 3 employees, 99% lower than Utah Symphony & Opera's reported 214 employees, and received an average PPP loan of $37,084, 99% lower than this company's loan of $2.81M.
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.
Footnotes & Information
1. 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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