PPP Loan Data — Sandra Burt, LLC, Scottsdale, AZ
Sandra Burt, LLC is a limited liability company (LLC) located at 7509 E 1st St in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $46,500.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Sandra Burt, LLC in Scottsdale, AZ received a Paycheck Protection Loan of $46,500 through JPMorgan Chase Bank, 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 May, 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, Sandra Burt, LLC's 2019 payroll expenses are estimated to be at least $223,200.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,640 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sandra Burt, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,500
Business Information - Sandra Burt, LLC in Scottsdale, AZ
7509 E 1st St
Scottsdale, AZ 85251
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Scottsdale
In the Scottsdale area, 138 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 5) and received an average PPP loan of $99,564 (compared to this company's $46,500).
Similar Nearby Businesses Who Received PPP Funding:
Sparks Law Group PLLC
Nimbus Legal, PLLC
Rosepink Law PLLC
Sacks Tierney PA
Kercsmar & Feltus, PLLC
Rack Law Group PLLC
Elizabeth L Feldman
Hitchcock Law Offices PLLC
Industry PPP Comparison Statistics
Nationwide, 200,895 businesses in the "Offices of Lawyers" industry received a total of $16.38B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 20% higher than Sandra Burt, LLC's reported 5 employees, and received an average PPP loan of $81,518, 75% higher than this company's loan of $46,500.
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Footnotes & Information
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