PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — David Olson And Lisa Olson PLLC, Glendale, AZ

ALERT: There are 2 PPP loans for a total of $54,900 in our database for businesses with the name "David Olson And Lisa Olson PLLC" in Glendale, AZ. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for David Olson And Lisa Olson PLLC
AZ

David Olson And Lisa Olson PLLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Real Estate Agents and Brokers

Location: Glendale, AZ

Search All PPP Data

David Olson And Lisa Olson PLLC is a limited liability company (LLC) located at 7025 W Bell Rd # 1010 in Glendale, Arizona that received a Coronavirus-related PPP loan from the SBA of $29,500.00 in January, 2021.

$ PPP Loan Information
Loan #3399118309

Loan Size:

$29,500

Jobs Retained:

3

Loan Approved:

2021-01-22

Loan Status:

Ongoing Loan

Lender:

MidFirst Bank

David Olson And Lisa Olson PLLC in Glendale, AZ received a Paycheck Protection Loan of $29,500 through MidFirst Bank, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

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, David Olson And Lisa Olson PLLC's 2019 payroll expenses are estimated to be at least $141,600.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $47,200 per employee1

Reported PPP Proceed Usage:

On the PPP application, David Olson And Lisa Olson PLLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $29,497

Business Information - David Olson And Lisa Olson PLLC in Glendale, AZ

David Olson And Lisa Olson PLLC
7025 W Bell Rd # 1010
Glendale, AZ 85308

Business Industry:
Offices of Real Estate Agents and Brokers
NAICS code 531210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Maricopa County, AZ — SBA Office 0988 — Congressional District: AZ-08

Similar Companies near Glendale

In the Glendale area, 77 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $18,255 (compared to this company's $29,500).

Industry PPP Comparison Statistics

Nationwide, 255,794 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.75B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 2 employees, 33% lower than David Olson And Lisa Olson PLLC's reported 3 employees, and received an average PPP loan of $22,469, 24% lower than this company's loan of $29,500.

SBA PPP loan data, payroll data, and salaries for David Olson And Lisa Olson PLLC
AZ

David Olson And Lisa Olson PLLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Real Estate Agents and Brokers

Location: Glendale, AZ

Search All PPP Data

David Olson And Lisa Olson PLLC is a limited liability company (LLC) located at 7025 W. Bell Road, 10, 10 in Glendale, Arizona that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.

$ PPP Loan Information
Loan #7200097300

Loan Size:

$25,400

Jobs Retained:

3

Loan Approved:

2020-04-30

Loan Status:

Paid in Full or Forgiven

Lender:

MidFirst Bank

David Olson And Lisa Olson PLLC in Glendale, AZ received a Paycheck Protection Loan of $25,400 through MidFirst Bank, 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 More
Understanding 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 More

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, David Olson And Lisa Olson PLLC's 2019 payroll expenses are estimated to be at least $121,920.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,640 per employee1

Reported PPP Proceed Usage:

On the PPP application, David Olson And Lisa Olson PLLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,400

Business Information - David Olson And Lisa Olson PLLC in Glendale, AZ

David Olson And Lisa Olson PLLC
7025 W. Bell Road, 10, 10
Glendale, AZ 85310

Business Industry:
Offices of Real Estate Agents and Brokers
NAICS code 531210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Maricopa County, AZ — SBA Office 0988 — Congressional District: AZ-08

Similar Companies near Glendale

In the Glendale area, 22 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 3) and received an average PPP loan of $12,077 (compared to this company's $25,400).

Industry PPP Comparison Statistics

Nationwide, 255,794 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.75B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 2 employees, 33% lower than David Olson And Lisa Olson PLLC's reported 3 employees, and received an average PPP loan of $22,469, 12% lower than this company's loan of $25,400.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/david-olson-and-lisa-olson-pllc-glendale-az