PPP Loan Data — I Chief, LLC, Tucson, AZ
I Chief, LLC is a limited liability company (LLC) located at 6079 E Grant Rd in Tucson, Arizona that received a Coronavirus-related PPP loan from the SBA of $1,900,797.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
I Chief, LLC in Tucson, AZ received a Paycheck Protection Loan of $1.9M through JPMorgan Chase Bank, National Association, which was approved in May, 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, I Chief, LLC's 2019 payroll expenses are estimated to be at least $9.12M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $18,248 per employee1
Reported PPP Proceed Usage:
On the PPP application, I Chief, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,900,797
Business Information - I Chief, LLC in Tucson, AZ
6079 E Grant Rd
Tucson, AZ 85712
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tucson
In the Tucson area, 43 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 500) and received an average PPP loan of $76,991 (compared to this company's $1.9M).
Similar Nearby Businesses Who Received PPP Funding:
Trupti Jeegarkumar Amin
House Buyers USA LLC
Zack & Schmitz Plc
Baban And Clemons
Envirocare Tree Solutions LLC
Pitaya Blends LLC
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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, 98% lower than I Chief, LLC's reported 500 employees, and received an average PPP loan of $42,878, 98% lower than this company's loan of $1.9M.
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Footnotes & Information
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