PPP Loan Data — Launchpoint Solutions, LLC, Scottsdale, AZ
Launchpoint Solutions, LLC is a limited liability company (LLC) located at 7371 E Turquoise Ave in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Celtic Bank Corporation
Launchpoint Solutions, LLC in Scottsdale, AZ received a Paycheck Protection Loan of $25,300 through Celtic Bank Corporation, 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 February, 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, Launchpoint Solutions, LLC's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,720 per employee1
Reported PPP Proceed Usage:
On the PPP application, Launchpoint Solutions, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Launchpoint Solutions, LLC in Scottsdale, AZ
7371 E Turquoise Ave
Scottsdale, AZ 85258
Marketing Consulting Services
NAICS code 541613
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Scottsdale
In the Scottsdale area, 66 businesses in the "Marketing Consulting Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $22,673 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Connect Worldwide International Inc
Digital Hopper, LLC
Savvy Silver Girl LLC
Veronica Del Llano
True Results Impact Marketing LLC
Brian Gausden PLLC
Big Dreams Investments LLC
Industry PPP Comparison Statistics
Nationwide, 86,997 businesses in the "Marketing Consulting Services" industry received a total of $3.45B 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 3 employees, 50% higher than Launchpoint Solutions, LLC's reported 2 employees, and received an average PPP loan of $39,652, 57% higher than this company's loan of $25,300.
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Footnotes & Information
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