PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Utah Symphony & Opera, Salt Lake City, UT

SBA PPP loan data, payroll data, and salaries for Utah Symphony & Opera
UT Nonprofit Organization

Utah Symphony & Opera

Entity: Non-profit Organization

Industry: Other Performing Arts Companies

Location: Salt Lake City, UT

Search All PPP Data

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

Loan Size:

$2.81M

Jobs Retained:

214

Loan Approved:

2020-04-10

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.

Because the loan received by Utah Symphony & Opera is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Utah Symphony & Opera in Salt Lake City, UT

Utah Symphony & Opera
123 West S. Temple
Salt Lake City, UT 84101

Business Industry

Other Performing Arts Companies (NAICS code 711190)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/utah-symphony-and-opera-salt-lake-city-ut