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PPP Loan Data — Mahogany Run Inc, Tempe, AZ

SBA PPP loan data, payroll data, and salaries for Mahogany Run Inc
AZ

Mahogany Run Inc

Entity: Corporation

Industry: General Automotive Repair

Location: Tempe, AZ

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Mahogany Run Inc is a corporation located at 1830 E Elliot Rd Ste 104 in Tempe, Arizona that received a Coronavirus-related PPP loan from the SBA of $4,161,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.16M

Jobs Retained:

406

Loan Approved:

2020-04-09

Lender:

ZIONS BANK, A DIVISION OF

Mahogany Run Inc in Tempe, AZ received a Paycheck Protection Loan of $4.16M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mahogany Run Inc's total 2019 payroll expenses were approximately $19.98M in order to qualify for the PPP loan amount received.

Based on their reported 406 jobs retained, this equals an estimated average yearly compensation of $49,204 per employee1.

Because the loan received by Mahogany Run Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Mahogany Run Inc in Tempe, AZ

Mahogany Run Inc
1830 E Elliot Rd Ste 104
Tempe, AZ 85284

Business Industry

General Automotive Repair (NAICS code 811111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AZ-09

Similar Companies near Tempe

In the Tempe area, 12 businesses in the "General Automotive Repair" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 406) and received an average PPP loan of $411,954 (compared to this company's $4.16M).

Industry PPP Comparison Statistics

Nationwide, 53,447 businesses in the "General Automotive Repair" industry received a total of $2,671,701,258.00 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 5 employees, 99% lower than Mahogany Run Inc's reported 406 employees, and received an average PPP loan of $49,988, 99% lower than this company's loan of $4.16M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/mahogany-run-inc-tempe-az