PPP Loan Data — Nicholas Consoldidated, Inc, Surprise, AZ
Nicholas Consoldidated, Inc is a subchapter s corporation located at 10779 N Solar Canyon Way in Surprise, Arizona that received a Coronavirus-related PPP loan from the SBA of $1,978,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Zions Bank, A Division of
Nicholas Consoldidated, Inc in Surprise, AZ received a Paycheck Protection Loan of $1.98M through Zions Bank, A Division of, which was approved in April, 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, Nicholas Consoldidated, Inc's 2019 payroll expenses are estimated to be at least $9.5M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $18,991 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nicholas Consoldidated, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,978,200
Business Information - Nicholas Consoldidated, Inc in Surprise, AZ
10779 N Solar Canyon Way
Surprise, AZ 85379
Hotels (except Casino Hotels) and Motels
NAICS code 721110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Surprise
In the Surprise area, 10 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 500) and received an average PPP loan of $246,710 (compared to this company's $1.98M).
Similar Nearby Businesses Who Received PPP Funding:
A And B Hospitality Inc
A & B Hospitality Inc
S&H Hospitality Surprise LLC
Palm Court Holdings Inc
S & H Hospitality Surprise LLC
Industry PPP Comparison Statistics
Nationwide, 82,605 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.95B 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 23 employees, 95% lower than Nicholas Consoldidated, Inc's reported 500 employees, and received an average PPP loan of $168,829, 91% lower than this company's loan of $1.98M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!