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PPP Loan Data — On Q Financial, Inc.,
Tempe, AZ
On Q Financial, Inc.
Entity: Subchapter S Corporation
Industry: Other Activities Related to Credit Intermediation
Location: Tempe, AZ
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On Q Financial, Inc. is a subchapter s corporation located at 615 S. River Dr., Ste. 170 in Tempe, Arizona that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
481Loan Approved:
2020-04-28Lender:
MIDFIRST BANKOn Q Financial, Inc. received a Paycheck Protection Loan of $10M through MIDFIRST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, On Q Financial, Inc.'s total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 481 jobs retained, this equals an estimated average yearly compensation of $99,792 per employee1.
Business Information - On Q Financial, Inc. in Tempe, AZ
615 S. River Dr., Ste. 170
Tempe, AZ 85281
Business Industry
Other Activities Related to Credit Intermediation (NAICS code 522390)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: AZ-09Similar Companies near Tempe
In the Tempe area, 2 businesses in the "Other Activities Related to Credit Intermediation" industry received a PPP loan. These local businesses reported an average of 243 employees (compared to this company's 481) and received an average PPP loan of $5,021,999 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Sultan Enterprises Inc.
Tempe, AZ
Industry PPP Comparison Statistics
Nationwide, 1,870 businesses in the "Other Activities Related to Credit Intermediation" industry received a total of $193,934,041.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 98% lower than On Q Financial, Inc.'s reported 481 employees, and received an average PPP loan of $103,708, 99% lower than this company's loan of $10M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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