PPP Loan Data — Macpie LLC, Avondale, AZ
Macpie LLC is a subchapter s corporation located at 10005 W. Papago Fwy. 0.0 in Avondale, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,120,250.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Macpie LLC in Avondale, AZ received a Paycheck Protection Loan of $2.12M through JPMorgan Chase Bank, 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 January, 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, Macpie LLC's 2019 payroll expenses are estimated to be at least $10.18M.
Based on their reported 168 jobs retained, this equals an estimated average yearly compensation of $60,579 per employee1
Reported PPP Proceed Usage:
On the PPP application, Macpie LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,590,188
- Utilities: $26,062
- Rent: $504,000
Business Information - Macpie LLC in Avondale, AZ
10005 W. Papago Fwy. 0.0
Avondale, AZ 85323
New Car Dealers
NAICS code 441110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Avondale
In the Avondale area, 7 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 88 employees (compared to this company's 168) and received an average PPP loan of $986,626 (compared to this company's $2.12M).
Similar Nearby Businesses Who Received PPP Funding:
Rodeo K, Inc
Earnhardt Avondale, Inc
CDG Automotive LLC
Avondale Auto Imports Inc
Earnhardt Avondale Hyundai, Inc
Eveland Sales Inc
Industry PPP Comparison Statistics
Nationwide, 19,896 businesses in the "New Car Dealers" industry received a total of $12.31B 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 52 employees, 69% lower than Macpie LLC's reported 168 employees, and received an average PPP loan of $618,860, 71% lower than this company's loan of $2.12M.
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Footnotes & Information
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