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PPP Loan Data — Desert Ready Mix, LLC, Mesa, AZ

SBA PPP loan data, payroll data, and salaries for Desert Ready Mix, LLC
AZ

Desert Ready Mix, LLC

Entity: Limited Liability Company (LLC)

Industry: Ready-Mix Concrete Manufacturing

Location: Mesa, AZ

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Desert Ready Mix, LLC is a limited liability company (LLC) located at 4011 E Presidio St in Mesa, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,494,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.49M

Jobs Retained:

169

Loan Approved:

2020-04-06

Lender:

BOKF, NATIONAL ASSOCIATION

Desert Ready Mix, LLC in Mesa, AZ received a Paycheck Protection Loan of $2.49M through BOKF, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Desert Ready Mix, LLC's total 2019 payroll expenses were approximately $11.97M in order to qualify for the PPP loan amount received.

Based on their reported 169 jobs retained, this equals an estimated average yearly compensation of $70,838 per employee1.

Because the loan received by Desert Ready Mix, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Desert Ready Mix, LLC in Mesa, AZ

Desert Ready Mix, LLC
4011 E Presidio St
Mesa, AZ 85215

Business Industry

Ready-Mix Concrete Manufacturing (NAICS code 327320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AZ-05

Industry PPP Comparison Statistics

Nationwide, 1,205 businesses in the "Ready-Mix Concrete Manufacturing" industry received a total of $443,693,471.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 26 employees, 85% lower than Desert Ready Mix, LLC's reported 169 employees, and received an average PPP loan of $368,210, 85% lower than this company's loan of $2.49M.

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, and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/desert-ready-mix-llc-mesa-az