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PPP Loan Data — Advanced Reimbursement Solutions LLC,
Scottsdale, AZ
Advanced Reimbursement Solutions LLC
Entity: Limited Liability Company (LLC)
Industry: Other Accounting Services
Location: Scottsdale, AZ
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Advanced Reimbursement Solutions LLC is a limited liability company (LLC) located at 8465 N Pima Rd Ste 200 in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,572,827.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
250Loan Approved:
2020-05-01Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONAdvanced Reimbursement Solutions LLC received a Paycheck Protection Loan of $2.57M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Advanced Reimbursement Solutions LLC's total 2019 payroll expenses were approximately $12.35M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $49,398 per employee1.
Business Information - Advanced Reimbursement Solutions LLC in Scottsdale, AZ
8465 N Pima Rd Ste 200
Scottsdale, AZ 85258
Business Industry
Other Accounting Services (NAICS code 541219)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: AZ-06Similar Companies near Scottsdale
In the Scottsdale area, 12 businesses in the "Other Accounting Services" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 250) and received an average PPP loan of $226,932 (compared to this company's $2.57M).
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Industry PPP Comparison Statistics
Nationwide, 31,743 businesses in the "Other Accounting Services" industry received a total of $1,370,914,494.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 98% lower than Advanced Reimbursement Solutions LLC's reported 250 employees, and received an average PPP loan of $43,188, 98% lower than this company's loan of $2.57M.
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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