PPP Loan Data — Omni Funding Solutions LLC, Scottsdale, AZ
Omni Funding Solutions LLC is a limited liability company (LLC) located in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $25,260.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
Omni Funding Solutions LLC in Scottsdale, AZ received a Paycheck Protection Loan of $25,260 through U.S. Bank, National Association, which was approved in April, 2020.
Reported PPP Proceed Usage:
On the PPP application, Omni Funding Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,260
Business Information - Omni Funding Solutions LLC in Scottsdale, AZ
* Full address is redacted to protect the privacy of individuals.
Mortgage and Nonmortgage Loan Brokers
NAICS code 522310
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Scottsdale
In the Scottsdale area, 17 businesses in the "Mortgage and Nonmortgage Loan Brokers" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 1) and received an average PPP loan of $415,191 (compared to this company's $25,260).
Similar Nearby Businesses Who Received PPP Funding:
Industrial Finance Group LLC
Inline Financial Corporation DBA Inline Lending
Truwest Mortgage Corporation
R&B Mortgage Source LLC
Paradise Valley, AZ
Valley Savers Mortgage
Independent Capital Group Inc
LHM Financial Corporation
Industry PPP Comparison Statistics
Nationwide, 6,723 businesses in the "Mortgage and Nonmortgage Loan Brokers" industry received a total of $679.39M 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, 700% higher than Omni Funding Solutions LLC's reported 1 employees, and received an average PPP loan of $101,055, 300% higher than this company's loan of $25,260.
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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