PPP Loan Data — Arcadia Food Concepts, LLC, Phoenix, AZ
Arcadia Food Concepts, LLC is a limited liability company (LLC) located at 3214 E Indian School Rd in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $112,179.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least 64 people during the applicable loan loan period.
$ PPP Loan Information
Arcadia Food Concepts, LLC received a Paycheck Protection Loan of $112,179 through DOMINION BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Arcadia Food Concepts, LLC's total 2019 payroll expenses were approximately $538,459 in order to qualify for the PPP loan amount received.
Based on their reported 64 jobs retained, this equals an estimated average yearly compensation of $8,413 per employee1.
Business Information - Arcadia Food Concepts, LLC in Phoenix, AZ
3214 E Indian School Rd
Phoenix, AZ 85018
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: ASIAN
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: AZ-09
Similar Companies near Phoenix
In the Phoenix area, 18 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 64) and received an average PPP loan of $217,291 (compared to this company's $112,179).
Similar Nearby Businesses Who Received PPP Funding:
CJA Services, LLC
Original Tamales Y Tacos Puebla LLC
Chicago Hamburger Company Inc.
MRS Chicken LLC
JRR Restaurant LLC
Sacks Gourmet Sandwich Inc
My Slice Of The Pie, LLC
BF Reading, LLC
Taqueria El Vaporsito, LLC
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 64% lower than Arcadia Food Concepts, LLC's reported 64 employees, and received an average PPP loan of $120,904, 8% higher than this company's loan of $112,179.
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. 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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