PPP Loan Data — Second Crack, Inc, Flagstaff, AZ
Second Crack, Inc is a corporation located at 5825 Switchback Trail in Flagstaff, Arizona that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Zions Bank, A Division of
Second Crack, Inc in Flagstaff, AZ received a Paycheck Protection Loan of $25,000 through Zions Bank, A Division of, 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 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, Second Crack, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $10,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Second Crack, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Second Crack, Inc in Flagstaff, AZ
5825 Switchback Trail
Flagstaff, AZ 86004
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Flagstaff
In the Flagstaff area, 23 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 12) and received an average PPP loan of $263,089 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Chung & Zhen Enterprises LLC DBA Golden Dragon
GLC Restaurants, Inc
Flagstaff Custard, Inc
Prescott Fast Foods, Inc
Ssjc Investments LLC
Northern Arizona Fast Foods, Inc
Z And T Subway, Inc
Eduardo Tamales USA
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 75% higher than Second Crack, Inc's reported 12 employees, and received an average PPP loan of $100,980, 304% higher than this company's loan of $25,000.
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