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PPP Loan Data — Freedom Plaza Operating Company LLC, Peoria, AZ

SBA PPP loan data, payroll data, and salaries for Freedom Plaza Operating Company LLC
AZ

Freedom Plaza Operating Company LLC

Entity: Limited Liability Company (LLC)

Industry: Residential Property Managers

Location: Peoria, AZ

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Freedom Plaza Operating Company LLC is a limited liability company (LLC) located at 13373 Plaza Del Rio Blvd in Peoria, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,827,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.83M

Jobs Retained:

411

Loan Approved:

2020-04-11

Lender:

SUNWEST BANK

Freedom Plaza Operating Company LLC in Peoria, AZ received a Paycheck Protection Loan of $2.83M through SUNWEST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Freedom Plaza Operating Company LLC's total 2019 payroll expenses were approximately $13.57M in order to qualify for the PPP loan amount received.

Based on their reported 411 jobs retained, this equals an estimated average yearly compensation of $33,020 per employee1.

Because the loan received by Freedom Plaza Operating Company 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 - Freedom Plaza Operating Company LLC in Peoria, AZ

Freedom Plaza Operating Company LLC
13373 Plaza Del Rio Blvd
Peoria, AZ 85381

Business Industry

Residential Property Managers (NAICS code 531311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AZ-08

Similar Companies near Peoria

In the Peoria area, 4 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 411) and received an average PPP loan of $856,123 (compared to this company's $2.83M).

Industry PPP Comparison Statistics

Nationwide, 20,591 businesses in the "Residential Property Managers" industry received a total of $2,358,014,158.00 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 10 employees, 98% lower than Freedom Plaza Operating Company LLC's reported 411 employees, and received an average PPP loan of $114,517, 96% lower than this company's loan of $2.83M.

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.

Search FederalPay's Full PPP Loan Database

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/freedom-plaza-operating-company-llc-peoria-az