PPP Loan Data — Schutz Enterprises, Phoenix, AZ
Schutz Enterprises is a limited liability company (LLC) located at 16601 25th Ave N in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $24,895.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Schutz Enterprises in Phoenix, AZ received a Paycheck Protection Loan of $24,895 through U.S. Bank, National Association, which was approved in June, 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 January, 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, Schutz Enterprises' 2019 payroll expenses are estimated to be at least $119,496.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $14,937 per employee1
Reported PPP Proceed Usage:
On the PPP application, Schutz Enterprises reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,895
Business Information - Schutz Enterprises in Phoenix, AZ
16601 25th Ave N
Phoenix, AZ 85023
Other Activities Related to Real Estate
NAICS code 531390
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Phoenix
In the Phoenix area, 29 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 8) and received an average PPP loan of $14,828 (compared to this company's $24,895).
Similar Nearby Businesses Who Received PPP Funding:
Cutter Real Estate Investments LLC
Polly Gwen Blackwell PLLC
Platinum Home Investments LLC
New Bavaria Holdings Inc
Industry PPP Comparison Statistics
Nationwide, 79,334 businesses in the "Other Activities Related to Real Estate" industry received a total of $3.69B 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 4 employees, 50% lower than Schutz Enterprises' reported 8 employees, and received an average PPP loan of $46,456, 87% higher than this company's loan of $24,895.
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Footnotes & Information
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