PPP Loan Data — Containerware, Inc, Tolleson, AZ
Containerware, Inc is a corporation located at 407 S. 107th Avenue Suite 30 in Tolleson, Arizona that received a Coronavirus-related PPP loan from the SBA of $46,555.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Desert Financial CU
Containerware, Inc in Tolleson, AZ received a Paycheck Protection Loan of $46,555 through Desert Financial CU, which was approved in May, 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
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, Containerware, Inc's 2019 payroll expenses are estimated to be at least $223,464.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,244 per employee1
Reported PPP Proceed Usage:
On the PPP application, Containerware, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,555
Business Information - Containerware, Inc in Tolleson, AZ
407 S. 107th Avenue Suite 30
Tolleson, AZ 85353
All Other Plastics Product Manufacturing
NAICS code 326199
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Tolleson
In the Tolleson area, 2 businesses in the "All Other Plastics Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 6) and received an average PPP loan of $61,523 (compared to this company's $46,555).
Similar Nearby Businesses Who Received PPP Funding:
Coplin MFG Inc
Industry PPP Comparison Statistics
Nationwide, 5,013 businesses in the "All Other Plastics Product Manufacturing" industry received a total of $1.67B 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 34 employees, 467% higher than Containerware, Inc's reported 6 employees, and received an average PPP loan of $333,733, 617% higher than this company's loan of $46,555.
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Footnotes & Information
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