PPP Loan Data — Jetcrafters Aviation, LLC, Safford, AZ
Jetcrafters Aviation, LLC is a subchapter s corporation located at 4200 East Aviation Way in Safford, Arizona that received a Coronavirus-related PPP loan from the SBA of $45,721.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Jetcrafters Aviation, LLC in Safford, AZ received a Paycheck Protection Loan of $45,721 through Cross River Bank, which was approved in April, 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, Jetcrafters Aviation, LLC's 2019 payroll expenses are estimated to be at least $219,461.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,288 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jetcrafters Aviation, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,721
Business Information - Jetcrafters Aviation, LLC in Safford, AZ
4200 East Aviation Way
Safford, AZ 85546
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Safford
In the Safford area, 3 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 12) and received an average PPP loan of $24,455 (compared to this company's $45,721).
Similar Nearby Businesses Who Received PPP Funding:
H & D Clonts Inc
M & M Transport And Leasing LLC
Industry PPP Comparison Statistics
Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 67% lower than Jetcrafters Aviation, LLC's reported 12 employees, and received an average PPP loan of $37,520, 18% lower than this company's loan of $45,721.
FederalPay's PPP Information Policy
Footnotes & Information
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