PPP Loan Data — Maximum Family Care LLC, Phoenix, AZ
Maximum Family Care LLC is a limited liability company (LLC) located at 1660 W Lacewood Pl. in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $47,021.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Maximum Family Care LLC in Phoenix, AZ received a Paycheck Protection Loan of $47,021 through Wells Fargo Bank, National Association, which was approved in June, 2020.
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, Maximum Family Care LLC's 2019 payroll expenses are estimated to be at least $225,701.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $20,518 per employee1
Reported PPP Proceed Usage:
On the PPP application, Maximum Family Care LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,021
Business Information - Maximum Family Care LLC in Phoenix, AZ
1660 W Lacewood Pl.
Phoenix, AZ 85045
Special Needs Transportation
NAICS code 485991
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 5,783 businesses in the "Special Needs Transportation" industry received a total of $320.66M 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, 27% lower than Maximum Family Care LLC's reported 11 employees, and received an average PPP loan of $55,448, 18% higher than this company's loan of $47,021.
FederalPay's PPP Information Policy
Footnotes & Information
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