FederalPay.org
PPP Loan Data — Advanced Reimbursement Solutions, LLC,
Scottsdale, AZ
Advanced Reimbursement Solutions, LLC
Entity: Partnership
Industry: Office Administrative Services
Location: Scottsdale, AZ
Tweet This
•
Search All PPP Data
Advanced Reimbursement Solutions, LLC is a partnership located at 8465 N Pima Rd Ste 200 in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in April, 2021.
$
PPP Loan Information
Loan #5837648805
Loan Size:
Jobs Retained:
220Loan Approved:
2021-04-18Loan Status:
Ongoing LoanLender:
Coastal Community BankAdvanced Reimbursement Solutions, LLC in Scottsdale, AZ received a Paycheck Protection Loan of $2M through Coastal Community Bank, which was approved in April, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Advanced Reimbursement Solutions, LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $43,636 per employee1
Reported PPP Proceed Usage:
On the PPP application, Advanced Reimbursement Solutions, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Advanced Reimbursement Solutions, LLC in Scottsdale, AZ
8465 N Pima Rd Ste 200
Scottsdale, AZ 85258
Business Industry:
Office Administrative Services
NAICS code 561110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Advanced Reimbursement Solutions, LLC.
Advantis Health Systems LLC
Home Health Equipment Rental
Similar Companies near Scottsdale
In the Scottsdale area, 20 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 220) and received an average PPP loan of $130,905 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Siri Procurement, LLC
Scottsdale, AZ
Visuelle Design Group, LLC
Scottsdale, AZ
Sheyanna Sinner
Scottsdale, AZ
Sterling Home Conciege And Management
Scottsdale, AZ
Victory Event Management
Scottsdale, AZ
Crystal Asili
Scottsdale, AZ
J Rio Management, LLC
Scottsdale, AZ
Simplicity Business Solutions, LLC
Scottsdale, AZ
Industry PPP Comparison Statistics
Nationwide, 43,695 businesses in the "Office Administrative Services" industry received a total of $2.34B 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 6 employees, 97% lower than Advanced Reimbursement Solutions, LLC's reported 220 employees, and received an average PPP loan of $53,548, 97% lower than this company's loan of $2M.
Advanced Reimbursement Solutions, LLC
Entity: Partnership
Industry: Other Accounting Services
Location: Scottsdale, AZ
Tweet This
•
Search All PPP Data
Advanced Reimbursement Solutions, LLC is a partnership 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 #9264257309
Loan Size:
Jobs Retained:
239Loan Approved:
2020-05-01Loan Status:
Ongoing LoanLender:
JPMorgan Chase Bank, National AssociationAdvanced Reimbursement Solutions, LLC in Scottsdale, AZ received a Paycheck Protection Loan of $2.57M through JPMorgan Chase Bank, National Association, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Advanced Reimbursement Solutions, LLC's 2019 payroll expenses are estimated to be at least $12.35M.
Based on their reported 239 jobs retained, this equals an estimated average yearly compensation of $51,672 per employee1
Reported PPP Proceed Usage:
On the PPP application, Advanced Reimbursement Solutions, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,430,327
- Rent: $142,500
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: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Advanced Reimbursement Solutions, LLC.
Advantis Health Systems LLC
Home Health Equipment Rental
Similar Companies near Scottsdale
In the Scottsdale area, 22 businesses in the "Other Accounting Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 239) and received an average PPP loan of $128,553 (compared to this company's $2.57M).
Similar Nearby Businesses Who Received PPP Funding:
Windrose Ventures LLC
Scottsdale, AZ
Jennifer Ku
Scottsdale, AZ
Ryan Shackelford
Scottsdale, AZ
Profit Plus Accounting, Inc
Scottsdale, AZ
Campbell Financial Group LLC
Scottsdale, AZ
Carrie Nelson
Scottsdale, AZ
Snyder Ventures LLC
Scottsdale, AZ
Kristina M. Mclachlin
Scottsdale, AZ
Natalie Stafco
Scottsdale, AZ
Industry PPP Comparison Statistics
Nationwide, 63,711 businesses in the "Other Accounting Services" industry received a total of $2.02B 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 3 employees, 99% lower than Advanced Reimbursement Solutions, LLC's reported 239 employees, and received an average PPP loan of $31,751, 99% 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. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!