PPP Loan Data — Footprint, LLC, Gilbert, AZ
Footprint, LLC is a limited liability company (LLC) located at 250 E. Germann Rd 0.0 in Gilbert, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,653,695.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Footprint, LLC in Gilbert, AZ received a Paycheck Protection Loan of $2.65M through JPMorgan Chase Bank, National Association, which was approved in April, 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, Footprint, LLC's 2019 payroll expenses are estimated to be at least $12.74M.
Based on their reported 334 jobs retained, this equals an estimated average yearly compensation of $38,137 per employee1
Reported PPP Proceed Usage:
On the PPP application, Footprint, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,018,777
- Utilities: $69,724
- Rent: $330,276
- Health Care: $234,918
Business Information - Footprint, LLC in Gilbert, AZ
250 E. Germann Rd 0.0
Gilbert, AZ 85297
NAICS code 322130
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 99 businesses in the "Paperboard Mills" industry received a total of $33.16M 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 32 employees, 90% lower than Footprint, LLC's reported 334 employees, and received an average PPP loan of $334,984, 87% lower than this company's loan of $2.65M.
FederalPay's PPP Information Policy
Footnotes & Information
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