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PPP Loan Data — Level 7 Technologies, LLC,
Tempe, AZ
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 Size:
Jobs Retained:
201Loan Approved:
2020-04-06Lender:
BOKF, NATIONAL ASSOCIATIONLevel 7 Technologies, LLC received a Paycheck Protection Loan of $2.56M through BOKF, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Level 7 Technologies, LLC's total 2019 payroll expenses were approximately $12.29M in order to qualify for the PPP loan amount received.
Based on their reported 201 jobs retained, this equals an estimated average yearly compensation of $61,127 per employee1.
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 / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: AZ-09Similar Companies near Tempe
In the Tempe area, 26 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 201) and received an average PPP loan of $221,871 (compared to this company's $2.56M).
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Industry PPP Comparison Statistics
Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 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 9 employees, 96% lower than Level 7 Technologies, LLC's reported 201 employees, and received an average PPP loan of $113,959, 96% 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.
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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