PPP Loan Data — Patsy Development Inc, Phoenix, AZ
Patsy Development Inc is a corporation located at 1926 W Deer Valley Rd in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $47,164.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Patsy Development Inc in Phoenix, AZ received a Paycheck Protection Loan of $47,164 through Bank of America, National Association, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 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, Patsy Development Inc's 2019 payroll expenses are estimated to be at least $226,387.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,866 per employee1
Reported PPP Proceed Usage:
On the PPP application, Patsy Development Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,164
Business Information - Patsy Development Inc in Phoenix, AZ
1926 W Deer Valley Rd
Phoenix, AZ 85027
All Other General Merchandise Stores
NAICS code 452319
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 11,020 businesses in the "All Other General Merchandise Stores" industry received a total of $376.19M 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 5 employees, 58% lower than Patsy Development Inc's reported 12 employees, and received an average PPP loan of $34,137, 28% lower than this company's loan of $47,164.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!