PPP Loan Data — Sky Corner Studios, Phoenix, AZ
Sky Corner Studios is a limited liability company (LLC) located at 2432 Peoria Ave W in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $45,873.00 in May, 2020.
The company has reported itself as a Native hawaiian or other pacific islander male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
Sky Corner Studios in Phoenix, AZ received a Paycheck Protection Loan of $45,873 through U.S. 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, Sky Corner Studios' 2019 payroll expenses are estimated to be at least $220,190.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,698 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sky Corner Studios reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,873
Business Information - Sky Corner Studios in Phoenix, AZ
2432 Peoria Ave W
Phoenix, AZ 85029
NAICS code 999990
Business Owner Demographics
Race: Native Hawaiian or Other Pacific Islander
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Phoenix
In the Phoenix area, 24 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 6) and received an average PPP loan of $29,588 (compared to this company's $45,873).
Similar Nearby Businesses Who Received PPP Funding:
Urban Wood LLC
Weber Group AZ LLC
JRD Measurements LLC
Amy Bednarski Counseling, LLC
AZ Neighbor LLC
Master Care, Inc
Hevel Speedteq Plc
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 67% higher than Sky Corner Studios' reported 6 employees, and received an average PPP loan of $42,878, 7% lower than this company's loan of $45,873.
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Footnotes & Information
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