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PPP Loan Data — Azekta Inc,
Tempe, AZ
FRANCHISE
AZAzekta Inc
Entity: Corporation
Industry: Limited-Service Restaurants
Franchise: Blaze Pizza
Location: Tempe, AZ
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Azekta Inc is a corporation located at 105 W University Dr in Tempe, Arizona that received a Coronavirus-related PPP loan from the SBA of $385,098.00 in February, 2021. This business is a Blaze Pizza franchise.
The company has reported itself as an Asian male owned business, and employed at least 58 people during the applicable loan loan period.
$
PPP Loan Information
Loan #7480168406
Loan Size:
Jobs Retained:
58Loan Approved:
2021-02-12Loan Status:
Paid in Full or ForgivenLender:
Farmers & Merchants Bank of Long BeachAzekta Inc in Tempe, AZ received a Paycheck Protection Loan of $385,098 through Farmers & Merchants Bank of Long Beach, which was approved in February, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in August, 2021.
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, Azekta Inc's 2019 payroll expenses are estimated to be at least $1.85M.
Based on their reported 58 jobs retained, this equals an estimated average yearly compensation of $31,870 per employee1
Reported PPP Proceed Usage:
On the PPP application, Azekta Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $385,092
- Utilities: $1
Business Information - Azekta Inc in Tempe, AZ
105 W University Dr
Tempe, AZ 85281
Business Industry:
Limited-Service Restaurants
NAICS code 722513
Business Owner Demographics
Race: Asian
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Tempe
In the Tempe area, 76 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 58) and received an average PPP loan of $102,313 (compared to this company's $385,098).
Similar Nearby Businesses Who Received PPP Funding:
Desert Firesubs #5, LLC
Tempe, AZ
A & W Enterprises
Tempe, AZ
Venezia's C&C
Tempe, AZ
Snakes & Lattes Tempe, LLC
Tempe, AZ
The Original Genos Inc
Tempe, AZ
Rajmin Investments LLC
Tempe, AZ
Linda Lane Investments, LLC
Tempe, AZ
Press Tempe Apache LLC
Tempe, AZ
Gordon Taggart
Tempe, AZ
Industry PPP Comparison Statistics
Nationwide, 136,560 businesses in the "Limited-Service Restaurants" industry received a total of $13.87B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 64% lower than Azekta Inc's reported 58 employees, and received an average PPP loan of $101,544, 74% lower than this company's loan of $385,098.
FRANCHISE
AZAzekta Inc
Entity: Corporation
Industry: Full-Service Restaurants
Franchise: Blaze Pizza
Location: Tempe, AZ
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Azekta Inc is a corporation located at 105 W University Ave in Tempe, Arizona that received a Coronavirus-related PPP loan from the SBA of $275,070.00 in April, 2020. This business is a Blaze Pizza franchise.
The company has reported itself as an Asian male owned business, and employed at least 92 people during the applicable loan loan period.
$
PPP Loan Information
Loan #7645997106
Loan Size:
Jobs Retained:
92Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
Farmers & Merchants Bank of Long BeachAzekta Inc in Tempe, AZ received a Paycheck Protection Loan of $275,070 through Farmers & Merchants Bank of Long Beach, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
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, Azekta Inc's 2019 payroll expenses are estimated to be at least $1.32M.
Based on their reported 92 jobs retained, this equals an estimated average yearly compensation of $14,351 per employee1
Reported PPP Proceed Usage:
On the PPP application, Azekta Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $275,070
Business Information - Azekta Inc in Tempe, AZ
105 W University Ave
Tempe, AZ 85281
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Asian
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Tempe
In the Tempe area, 159 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 92) and received an average PPP loan of $133,932 (compared to this company's $275,070).
Similar Nearby Businesses Who Received PPP Funding:
MED Fresh Investments LLC
Tempe, AZ
Nocawich College LLC
Tempe, AZ
B2K Management Group, LLC
Tempe, AZ
Haas Enterprises Inc. DBAHarlows Cafe
Tempe, AZ
Pandemonious LLC
Tempe, AZ
Southern Brewing Company LLC
Tempe, AZ
Cervantes Restaurant & Catering LLC
Tempe, AZ
Park & Jin Enterprises Inc
Tempe, AZ
Mill Workers Union LLC
Tempe, AZ
Industry PPP Comparison Statistics
Nationwide, 326,480 businesses in the "Full-Service Restaurants" industry received a total of $42.51B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 76% lower than Azekta Inc's reported 92 employees, and received an average PPP loan of $130,209, 53% lower than this company's loan of $275,070.
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.
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