PPP Loan Data — Mcclain Diversified, LLC, Scottsdale, AZ
Mcclain Diversified, LLC
Entity: Limited Liability Company (LLC)
Location: Scottsdale, AZTweet This • Search All PPP Data
Mcclain Diversified, LLC is a limited liability company (LLC) located in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $24,844.00 in July, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
Mcclain Diversified, LLC in Scottsdale, AZ received a Paycheck Protection Loan of $24,844 through U.S. Bank, National Association, which was approved in July, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Mcclain Diversified, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,844
Business Information - Mcclain Diversified, LLC in Scottsdale, AZ
* Full address is redacted to protect the privacy of individuals.
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Scottsdale
In the Scottsdale area, 16 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $33,033 (compared to this company's $24,844).
Similar Nearby Businesses Who Received PPP Funding:
John S. Bickle DO. Plc
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Fermo And Tanfermo,LLC
Desert Mountain Endodontics, Inc
IRA L Snider
Janet R. Martin MD., PC
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Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 11 employees, 1000% higher than Mcclain Diversified, LLC's reported 1 employees, and received an average PPP loan of $119,087, 379% higher than this company's loan of $24,844.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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