PPP Loan Data — NDN Inc, Scottsdale, AZ
NDN Inc is a corporation located at 10110 E Paradise Dr in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $46,395.00 in January, 2021.
The company has reported itself as a female owned business, and employed at least eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Citizens Bank
NDN Inc in Scottsdale, AZ received a Paycheck Protection Loan of $46,395 through The Citizens Bank, which was approved 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, NDN Inc's 2019 payroll expenses are estimated to be at least $222,696.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,837 per employee1
Reported PPP Proceed Usage:
On the PPP application, NDN Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,393
- Utilities: $1
Business Information - NDN Inc in Scottsdale, AZ
10110 E Paradise Dr
Scottsdale, AZ 85260
Gasoline Stations with Convenience Stores
NAICS code 447110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Scottsdale
In the Scottsdale area, 7 businesses in the "Gasoline Stations with Convenience Stores" industry received a PPP loan. These local businesses reported an average of 62 employees (compared to this company's 8) and received an average PPP loan of $352,796 (compared to this company's $46,395).
Similar Nearby Businesses Who Received PPP Funding:
BRO Retail Group, Inc
Toms Thumb Fresh Market LLC
Toms Thumb Fresh Market
Industry PPP Comparison Statistics
Nationwide, 45,026 businesses in the "Gasoline Stations with Convenience Stores" industry received a total of $2.06B 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 10 employees, 25% higher than NDN Inc's reported 8 employees, and received an average PPP loan of $45,821, 1% lower than this company's loan of $46,395.
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Footnotes & Information
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