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PPP Loan Data — Last Mile Inc,
Scottsdale, AZ
Last Mile Inc
Entity: Subchapter S Corporation
Industry: Couriers and Express Delivery Services
Location: Scottsdale, AZ
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Last Mile Inc is a subchapter s corporation located at 10632 N Scottsdale Rd Ste 601 in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,500,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 200 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
200Loan Approved:
2020-04-29Lender:
AMERICAN EXPRESS NATIONAL BANKLast Mile Inc received a Paycheck Protection Loan of $2.5M through AMERICAN EXPRESS NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Last Mile Inc's total 2019 payroll expenses were approximately $12M in order to qualify for the PPP loan amount received.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1.
Business Information - Last Mile Inc in Scottsdale, AZ
10632 N Scottsdale Rd Ste 601
Scottsdale, AZ 85254
Business Industry
Couriers and Express Delivery Services (NAICS code 492110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: AZ-06Similar Companies near Scottsdale
In the Scottsdale area, 4 businesses in the "Couriers and Express Delivery Services" industry received a PPP loan. These local businesses reported an average of 75 employees (compared to this company's 200) and received an average PPP loan of $840,339 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
Welch4 Inc
Scottsdale, AZ
JT Logistics Inc
Scottsdale, AZ
Liberty Logistics LLC
Scottsdale, AZ
Industry PPP Comparison Statistics
Nationwide, 5,089 businesses in the "Couriers and Express Delivery Services" industry received a total of $466,737,431.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 95% lower than Last Mile Inc's reported 200 employees, and received an average PPP loan of $91,715, 96% lower than this company's loan of $2.5M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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