PPP Loan Data — International Room Escape AZ, LLC, Gilbert, AZ
International Room Escape AZ, LLC is a limited liability company (LLC) located at 1166 S. Gilbert Rd. Suite 105 in Gilbert, Arizona that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
The company has reported itself as a female owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Mountain America FCU
International Room Escape AZ, LLC in Gilbert, AZ received a Paycheck Protection Loan of $25,000 through Mountain America FCU, which was approved in May, 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, International Room Escape AZ, 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, International Room Escape AZ, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - International Room Escape AZ, LLC in Gilbert, AZ
1166 S. Gilbert Rd. Suite 105
Gilbert, AZ 85296
All Other Amusement and Recreation Industries
NAICS code 713990
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Gilbert
In the Gilbert area, 27 businesses in the "All Other Amusement and Recreation Industries" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 2) and received an average PPP loan of $22,231 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Klick Ink LP
Dragon Investments LLC
Midway West Mgmt
Phoenix Wushu LLC
Dance Elementz LLC
GUN Club 82 Gilbert LLC
International Room Escape AZ
Industry PPP Comparison Statistics
Nationwide, 26,511 businesses in the "All Other Amusement and Recreation Industries" industry received a total of $1.46B 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 12 employees, 500% higher than International Room Escape AZ, LLC's reported 2 employees, and received an average PPP loan of $55,179, 121% higher than this company's loan of $25,000.
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Footnotes & Information
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