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PPP Loan Data — Maverick Airstar Holding Corporation, Henderson, NV

ALERT: There are 2 PPP loans for a total of $1.7M in our database for businesses with the name "Maverick Airstar Holding Corporation" in Henderson, NV. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Maverick Airstar Holding Corporation
NV

Maverick Airstar Holding Corporation

Entity: Corporation

Industry: Scenic and Sightseeing Transportation, Other

Location: Henderson, NV

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Maverick Airstar Holding Corporation is a corporation located at 1620 Jet Stream Dr in Henderson, Nevada that received a Coronavirus-related PPP loan from the SBA of $847,623.00 in January, 2021.

The company has reported itself as a male owned business, and employed at least 27 people during the applicable loan loan period.

$ PPP Loan Information
Loan #6852168305

Loan Size:

$847,623

Jobs Retained:

27

Loan Approved:

2021-01-27

Loan Status:

Active Un-Disbursed

Lender:

Meadows Bank
Likely Employment Reduction3 PPP Funds Undisbursed

Maverick Airstar Holding Corporation in Henderson, NV received a Paycheck Protection Loan of $847,623 through Meadows Bank, which was approved in January, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $847,623 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in January, 2021.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 27 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 41. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

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 More
Understanding 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 More

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, Maverick Airstar Holding Corporation's 2019 payroll expenses are estimated to be at least $4.07M (not accounting for salary amounts > $100k).

Because the 27 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

On the PPP application, Maverick Airstar Holding Corporation reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $847,617
  • Utilities: $1

Business Information - Maverick Airstar Holding Corporation in Henderson, NV

Maverick Airstar Holding Corporation
1620 Jet Stream Dr
Henderson, NV 89052

Business Industry:
Scenic and Sightseeing Transportation, Other
NAICS code 487990

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Clark County, NV — SBA Office 0944 — Congressional District: NV-03

Similar Companies near Henderson

In the Henderson area, 5 businesses in the "Scenic and Sightseeing Transportation, Other" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 27) and received an average PPP loan of $1,293,725 (compared to this company's $847,623).

Industry PPP Comparison Statistics

Nationwide, 565 businesses in the "Scenic and Sightseeing Transportation, Other" industry received a total of $40.86M 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 9 employees, 67% lower than Maverick Airstar Holding Corporation's reported 27 employees, and received an average PPP loan of $72,314, 91% lower than this company's loan of $847,623.

SBA PPP loan data, payroll data, and salaries for Maverick Airstar Holding Corporation
NV

Maverick Airstar Holding Corporation

Entity: Corporation

Industry: Nonscheduled Chartered Passenger Air Transportation

Location: Henderson, NV

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Maverick Airstar Holding Corporation is a corporation located at 1620 Jet Stream Dr in Henderson, Nevada that received a Coronavirus-related PPP loan from the SBA of $847,600.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 44 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4381717007

Loan Size:

$847,600

Jobs Retained:

44

Loan Approved:

2020-04-03

Loan Status:

Paid in Full or Forgiven

Lender:

Meadows Bank

Maverick Airstar Holding Corporation in Henderson, NV received a Paycheck Protection Loan of $847,600 through Meadows Bank, 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 March, 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 More
Understanding 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 More

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, Maverick Airstar Holding Corporation's 2019 payroll expenses are estimated to be at least $4.07M.

Based on their reported 44 jobs retained, this equals an estimated average yearly compensation of $92,465 per employee1

Reported PPP Proceed Usage:

On the PPP application, Maverick Airstar Holding Corporation reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $635,717
  • Mortgage Interest: $100,000
  • Debt Interest: $111,883

Business Information - Maverick Airstar Holding Corporation in Henderson, NV

Maverick Airstar Holding Corporation
1620 Jet Stream Dr
Henderson, NV 89052

Business Industry:
Nonscheduled Chartered Passenger Air Transportation
NAICS code 481211

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Clark County, NV — SBA Office 0944 — Congressional District: NV-03

Similar Companies near Henderson

In the Henderson area, 4 businesses in the "Nonscheduled Chartered Passenger Air Transportation" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 44) and received an average PPP loan of $410,509 (compared to this company's $847,600).

Industry PPP Comparison Statistics

Nationwide, 1,646 businesses in the "Nonscheduled Chartered Passenger Air Transportation" industry received a total of $373.45M 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 16 employees, 64% lower than Maverick Airstar Holding Corporation's reported 44 employees, and received an average PPP loan of $226,883, 73% lower than this company's loan of $847,600.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/maverick-airstar-holding-corporation-henderson-nv