PPP Loan Data — Intellogistics, LLC, Phoenix, AZ
Intellogistics, LLC is a limited liability company (LLC) located at 4020 S 20th St. in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $1,575,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:CIBC Bank USA
Intellogistics, LLC in Phoenix, AZ received a Paycheck Protection Loan of $1.58M through CIBC Bank 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 April, 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, Intellogistics, LLC's 2019 payroll expenses are estimated to be at least $7.56M.
Based on their reported 225 jobs retained, this equals an estimated average yearly compensation of $33,606 per employee1
Reported PPP Proceed Usage:
On the PPP application, Intellogistics, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,575,300
Business Information - Intellogistics, LLC in Phoenix, AZ
4020 S 20th St.
Phoenix, AZ 85040
General Warehousing and Storage
NAICS code 493110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Phoenix
In the Phoenix area, 2 businesses in the "General Warehousing and Storage" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 225) and received an average PPP loan of $830,797 (compared to this company's $1.58M).
Similar Nearby Businesses Who Received PPP Funding:
Intelliquick Delivery Of Colorado, Inc
Industry PPP Comparison Statistics
Nationwide, 4,995 businesses in the "General Warehousing and Storage" industry received a total of $771.67M 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 17 employees, 92% lower than Intellogistics, LLC's reported 225 employees, and received an average PPP loan of $154,488, 90% lower than this company's loan of $1.58M.
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Footnotes & Information
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