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PPP Loan Data — Level 7 Technologies LLC,
Tempe, AZ
Level 7 Technologies LLC
Entity: Limited Liability Company (LLC)
Industry: Computer Systems Design Services
Location: Tempe, AZ
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Level 7 Technologies LLC is a limited liability company (LLC) located at 570 W Southern Ave in Tempe, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
$
PPP Loan Information
Loan #1499378402
Loan Size:
Jobs Retained:
148Loan Approved:
2021-02-02Loan Status:
Ongoing LoanLender:
BOKF, National AssociationLevel 7 Technologies LLC in Tempe, AZ received a Paycheck Protection Loan of $2M through BOKF, National Association, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Level 7 Technologies LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 148 jobs retained, this equals an estimated average yearly compensation of $64,865 per employee1
Reported PPP Proceed Usage:
On the PPP application, Level 7 Technologies LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Level 7 Technologies LLC in Tempe, AZ
570 W Southern Ave
Tempe, AZ 85282
Business Industry:
Computer Systems Design Services
NAICS code 541512
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Tempe
In the Tempe area, 23 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 148) and received an average PPP loan of $288,734 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Unisys Technical Solutions LLC
Tempe, AZ
Willcor Enterprises Inc. DBA New Avalon Technology
Tempe, AZ
Veeya LLC
Tempe, AZ
Ogbonia Orji
Tempe, AZ
Corekinect LLC
Tempe, AZ
The Apple Xchange LLC
Tempe, AZ
Jeff Moats
Tempe, AZ
Alembic Computer Services Inc
Tempe, AZ
Runtime Technologies, LLC
Tempe, AZ
Industry PPP Comparison Statistics
Nationwide, 30,865 businesses in the "Computer Systems Design Services" industry received a total of $4.34B 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 10 employees, 93% lower than Level 7 Technologies LLC's reported 148 employees, and received an average PPP loan of $140,681, 93% lower than this company's loan of $2M.
Level 7 Technologies, LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Specialty Trade Contractors
Location: Tempe, AZ
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Level 7 Technologies, LLC is a limited liability company (LLC) located at 570 W Southern Ave in Tempe, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,559,700.00 in April, 2020.
$
PPP Loan Information
Loan #6423647008
Loan Size:
Jobs Retained:
201Loan Approved:
2020-04-06Loan Status:
Paid in Full or ForgivenLender:
BOKF, National AssociationLevel 7 Technologies, LLC in Tempe, AZ received a Paycheck Protection Loan of $2.56M through BOKF, National Association, 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 October, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Level 7 Technologies, LLC's 2019 payroll expenses are estimated to be at least $12.29M.
Based on their reported 201 jobs retained, this equals an estimated average yearly compensation of $61,127 per employee1
Reported PPP Proceed Usage:
On the PPP application, Level 7 Technologies, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,559,700
Business Information - Level 7 Technologies, LLC in Tempe, AZ
570 W Southern Ave
Tempe, AZ 85282
Business Industry:
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Tempe
In the Tempe area, 46 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 201) and received an average PPP loan of $148,081 (compared to this company's $2.56M).
Similar Nearby Businesses Who Received PPP Funding:
Brandon Staley
Tempe, AZ
Eric Reese
Tempe, AZ
We DO Lines Arizona
Tempe, AZ
Desert Media Group LLC
Tempe, AZ
Victory Contracting LLC
Tempe, AZ
Deborah Piasecki
Tempe, AZ
Durable Metals LLC
Tempe, AZ
Progressive Commercial Interiors, LLC
Tempe, AZ
Ninja Restoration LLC
Tempe, AZ
Industry PPP Comparison Statistics
Nationwide, 92,275 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.02B 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 8 employees, 96% lower than Level 7 Technologies, LLC's reported 201 employees, and received an average PPP loan of $86,934, 97% lower than this company's loan of $2.56M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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