PPP Loan Data — Dircks Moving Services Inc, Phoenix, AZ
Dircks Moving Services Inc is a limited liability company (LLC) located at 4340 W. Mohave St. in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $1,536,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 136 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Arizona Bank & Trust
Dircks Moving Services Inc in Phoenix, AZ received a Paycheck Protection Loan of $1.54M through Arizona Bank & Trust, 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 December, 2020.
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, Dircks Moving Services Inc's 2019 payroll expenses are estimated to be at least $7.37M.
Based on their reported 136 jobs retained, this equals an estimated average yearly compensation of $54,212 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dircks Moving Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,536,000
Business Information - Dircks Moving Services Inc in Phoenix, AZ
4340 W. Mohave St.
Phoenix, AZ 85043
Used Household and Office Goods Moving
NAICS code 484210
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Phoenix
In the Phoenix area, 9 businesses in the "Used Household and Office Goods Moving" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 136) and received an average PPP loan of $329,147 (compared to this company's $1.54M).
Similar Nearby Businesses Who Received PPP Funding:
Olympian Worldwide Moving & Storage Inc
Arizona Discount Movers LLC
Daniel's Moving And Storage, Inc
Copperstate Moving LLC
Industry PPP Comparison Statistics
Nationwide, 11,089 businesses in the "Used Household and Office Goods Moving" industry received a total of $902.36M 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 10 employees, 93% lower than Dircks Moving Services Inc's reported 136 employees, and received an average PPP loan of $81,374, 95% lower than this company's loan of $1.54M.
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Footnotes & Information
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