PPP Loan Data — Saguaro Moulding, Inc, Phoenix, AZ
Saguaro Moulding, Inc is a corporation located at 321 S 54th Pl in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $46,824.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Saguaro Moulding, Inc in Phoenix, AZ received a Paycheck Protection Loan of $46,824 through Bank of America, National Association, which was approved in April, 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, Saguaro Moulding, Inc's 2019 payroll expenses are estimated to be at least $224,755.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,951 per employee1
Reported PPP Proceed Usage:
On the PPP application, Saguaro Moulding, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,824
Business Information - Saguaro Moulding, Inc in Phoenix, AZ
321 S 54th Pl
Phoenix, AZ 85034
NAICS code 238330
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Phoenix
In the Phoenix area, 16 businesses in the "Flooring Contractors" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 5) and received an average PPP loan of $14,444 (compared to this company's $46,824).
Similar Nearby Businesses Who Received PPP Funding:
Bandura & Sons, Inc
Marylou Sandoval Esqueda
Juan Esqueda Guerrero
Celine Borunda De Palma
Industry PPP Comparison Statistics
Nationwide, 28,132 businesses in the "Flooring Contractors" industry received a total of $1.48B 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, the same amount reported by Saguaro Moulding, Inc and received an average PPP loan of $52,734, 13% higher than this company's loan of $46,824.
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Footnotes & Information
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