PPP Loan Data — Advanced Reimbursement Solutions LLC, Scottsdale, AZ
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
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Advanced 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
Other Accounting Services (NAICS code 541219)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AZ-06
Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Culpepper And Associates Inc
Kristina M. Mclachlin
Y Frances Yao, CPA Plc
Freedom Financial Services, LLC
Scottsdale Tax Consulting CPA PLLC
Vital Mind, LLC
Profit Plus Accounting, Inc.
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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