PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Solar Land Investment 11L LLC, Phoenix, AZ

ALERT: There are 3 PPP loans for a total of $3.22M in our database for businesses with the name "Solar Land Investment 11L LLC" in Phoenix, AZ. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Solar Land Investment 11L LLC
AZ

Solar Land Investment 11L LLC

Entity: Limited Liability Company (LLC)

Industry: Highway, Street, and Bridge Construction

Location: Phoenix, AZ

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Solar Land Investment 11L LLC is a limited liability company (LLC) located at 2375 E Camelback Rd Ste 600 in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $83,333.00 in March, 2021.

The company has reported itself as a female owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information
Loan #7600928502

Loan Size:

$83,333

Jobs Retained:

4

Loan Approved:

2021-03-06

Loan Status:

Paid in Full or Forgiven

Lender:

Mountain America FCU

Solar Land Investment 11L LLC in Phoenix, AZ received a Paycheck Protection Loan of $83,333 through Mountain America FCU, which was approved in March, 2021.

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 October, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Solar Land Investment 11L LLC's 2019 payroll expenses are estimated to be at least $399,998 (not accounting for salary amounts > $100k).

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $100,000 (not accounting for salary amounts > $100k) per employee1

Reported PPP Proceed Usage:

On the PPP application, Solar Land Investment 11L LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $83,333

Business Information - Solar Land Investment 11L LLC in Phoenix, AZ

Solar Land Investment 11L LLC
2375 E Camelback Rd Ste 600
Phoenix, AZ 85016

Business Industry:
Highway, Street, and Bridge Construction
NAICS code 237310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Maricopa County, AZ — SBA Office 0988 — Congressional District: AZ-09

Similar Companies near Phoenix

In the Phoenix area, 4 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $67,506 (compared to this company's $83,333).

Industry PPP Comparison Statistics

Nationwide, 11,409 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $3.92B 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 26 employees, 550% higher than Solar Land Investment 11L LLC's reported 4 employees, and received an average PPP loan of $343,619, 312% higher than this company's loan of $83,333.

SBA PPP loan data, payroll data, and salaries for Solar Land Investment 11L, LLC,
AZ

Solar Land Investment 11L, LLC,

Entity: Limited Liability Company (LLC)

Industry: Land Subdivision

Location: Phoenix, AZ

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Solar Land Investment 11L, LLC, is a limited liability company (LLC) located at 2375 E. Camelback Road, Suite 600 in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $70,300.00 in June, 2020.

The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information
Loan #8753757901

Loan Size:

$70,300

Jobs Retained:

4

Loan Approved:

2020-06-18

Loan Status:

Paid in Full or Forgiven

Lender:

Zions Bank, A Division of

Solar Land Investment 11L, LLC, in Phoenix, AZ received a Paycheck Protection Loan of $70,300 through Zions Bank, A Division of, 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 August, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Solar Land Investment 11L, LLC,'s 2019 payroll expenses are estimated to be at least $337,440.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $84,360 per employee1

Reported PPP Proceed Usage:

On the PPP application, Solar Land Investment 11L, LLC, reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $70,300

Business Information - Solar Land Investment 11L, LLC, in Phoenix, AZ

Solar Land Investment 11L, LLC,
2375 E. Camelback Road, Suite 600
Phoenix, AZ 85016

Business Industry:
Land Subdivision
NAICS code 237210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Maricopa County, AZ — SBA Office 0988 — Congressional District: AZ-09

Similar Companies near Phoenix

In the Phoenix area, 4 businesses in the "Land Subdivision" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $53,746 (compared to this company's $70,300).

Industry PPP Comparison Statistics

Nationwide, 4,567 businesses in the "Land Subdivision" industry received a total of $467.22M 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, 150% higher than Solar Land Investment 11L, LLC,'s reported 4 employees, and received an average PPP loan of $102,303, 46% higher than this company's loan of $70,300.

SBA PPP loan data, payroll data, and salaries for Solar Land Investment 11L, LLC
AZ

Solar Land Investment 11L, LLC

Entity: Corporation

Industry: Title Abstract and Settlement Offices

Location: Phoenix, AZ

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Solar Land Investment 11L, LLC is a corporation located at 4808 N 22nd in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $3,070,740.00 in April, 2020.

$ PPP Loan Information
Loan #3996177209

Loan Size:

$3.07M

Jobs Retained:

204

Loan Approved:

2020-04-27

Loan Status:

Paid in Full or Forgiven

Lender:

Fortis Private Bank

Solar Land Investment 11L, LLC in Phoenix, AZ received a Paycheck Protection Loan of $3.07M through Fortis Private Bank, 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 September, 2020.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Solar Land Investment 11L, LLC's 2019 payroll expenses are estimated to be at least $14.74M.

Based on their reported 204 jobs retained, this equals an estimated average yearly compensation of $72,253 per employee1

Reported PPP Proceed Usage:

On the PPP application, Solar Land Investment 11L, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,579,422
  • Utilities: $30,707
  • Rent: $460,611
Because the loan received by Solar Land Investment 11L, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Solar Land Investment 11L, LLC in Phoenix, AZ

Solar Land Investment 11L, LLC
4808 N 22nd
Phoenix, AZ 85016

Business Industry:
Title Abstract and Settlement Offices
NAICS code 541191

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Maricopa County, AZ — SBA Office 0988 — Congressional District: AZ-07

Similar Companies near Phoenix

In the Phoenix area, 3 businesses in the "Title Abstract and Settlement Offices" industry received a PPP loan. These local businesses reported an average of 125 employees (compared to this company's 204) and received an average PPP loan of $1,921,340 (compared to this company's $3.07M).

Industry PPP Comparison Statistics

Nationwide, 5,513 businesses in the "Title Abstract and Settlement Offices" industry received a total of $500.5M 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 8 employees, 96% lower than Solar Land Investment 11L, LLC's reported 204 employees, and received an average PPP loan of $90,786, 97% lower than this company's loan of $3.07M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/solar-land-investment-11l-llc-phoenix-az