PPP Loan Data — Garner Group Engineering, LLC, Mesa, AZ
Garner Group Engineering, LLC is a cooperative located at 2064 E Norcroft St in Mesa, Arizona that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Garner Group Engineering, LLC in Mesa, AZ received a Paycheck Protection Loan of $25,000 through BBVA USA, 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
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, Garner Group Engineering, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Garner Group Engineering, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Garner Group Engineering, LLC in Mesa, AZ
2064 E Norcroft St
Mesa, AZ 85213
NAICS code 541330
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mesa
In the Mesa area, 15 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $49,707 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Advanced Logistics Technology, Inc
Kashiwagi Solution Model Incorporated
Engineering Alliance Inc
Engineering Forensics Experts LLC
Falcon Engineering Corporation
Broderick Engineering Ll
Industry PPP Comparison Statistics
Nationwide, 47,152 businesses in the "Engineering Services" industry received a total of $9.19B 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 13 employees, 550% higher than Garner Group Engineering, LLC's reported 2 employees, and received an average PPP loan of $194,873, 679% higher than this company's loan of $25,000.
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Footnotes & Information
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