PPP Loan Data — Sierra Verde Construction, LLC, Phoenix, AZ
Sierra Verde Construction, LLC
Entity: Limited Liability Company (LLC)
Location: Phoenix, AZTweet This • Search All PPP Data
Sierra Verde Construction, LLC is a limited liability company (LLC) located at 1212 S 9th St in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,244,292.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Sierra Verde Construction, LLC in Phoenix, AZ received a Paycheck Protection Loan of $2.24M through JPMorgan Chase Bank, National Association, which was approved in May, 2020.
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, Sierra Verde Construction, LLC's 2019 payroll expenses are estimated to be at least $10.77M.
Based on their reported 218 jobs retained, this equals an estimated average yearly compensation of $49,416 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sierra Verde Construction, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,147,223
- Utilities: $9,415
- Rent: $16,880
- Health Care: $58,342
- Debt Interest: $12,432
Business Information - Sierra Verde Construction, LLC in Phoenix, AZ
1212 S 9th St
Phoenix, AZ 85034
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
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, 19 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 218) and received an average PPP loan of $143,336 (compared to this company's $2.24M).
Similar Nearby Businesses Who Received PPP Funding:
MGD Building Services LLC
Marquez Brothers Pavers LLC
Giovanni Benitez Acosta
Torrez International, LLC
A Grande Promotion Company, LLC
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 98% lower than Sierra Verde Construction, LLC's reported 218 employees, and received an average PPP loan of $45,182, 98% lower than this company's loan of $2.24M.
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Footnotes & Information
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