PPP Loan Data — Butori Corp, Chandler, AZ
Butori Corp is a subchapter s corporation located at 1050 S Gilbert Rd in Chandler, Arizona that received a Coronavirus-related PPP loan from the SBA of $1,666,507.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 143 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Butori Corp in Chandler, AZ received a Paycheck Protection Loan of $1.67M through Bank of America, National Association, 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 March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Butori Corp's 2019 payroll expenses are estimated to be at least $8M.
Based on their reported 143 jobs retained, this equals an estimated average yearly compensation of $55,939 per employee1
Reported PPP Proceed Usage:
On the PPP application, Butori Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,666,507
Business Information - Butori Corp in Chandler, AZ
1050 S Gilbert Rd
Chandler, AZ 85286
New Car Dealers
NAICS code 441110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chandler
In the Chandler area, 4 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 116 employees (compared to this company's 143) and received an average PPP loan of $1,349,981 (compared to this company's $1.67M).
Similar Nearby Businesses Who Received PPP Funding:
Autobahn 202 LLC
CEH Automotive Corp
Earnhardt Chandler Cadillac, Inc
Industry PPP Comparison Statistics
Nationwide, 19,896 businesses in the "New Car Dealers" industry received a total of $12.31B 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 52 employees, 64% lower than Butori Corp's reported 143 employees, and received an average PPP loan of $618,860, 63% lower than this company's loan of $1.67M.
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Footnotes & Information
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