PPP Loan Data — Soulful Pursuit LLC, Scottsdale, AZ
Soulful Pursuit LLC is a subchapter s corporation located at 7142 N Via De La Montana in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $46,692.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Soulful Pursuit LLC in Scottsdale, AZ received a Paycheck Protection Loan of $46,692 through BBVA USA, 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 June, 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, Soulful Pursuit LLC's 2019 payroll expenses are estimated to be at least $224,122.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,031 per employee1
Reported PPP Proceed Usage:
On the PPP application, Soulful Pursuit LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,692
Business Information - Soulful Pursuit LLC in Scottsdale, AZ
7142 N Via De La Montana
Scottsdale, AZ 85258
Welding and Soldering Equipment Manufacturing
NAICS code 333992
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 5,794 businesses in the "Welding and Soldering Equipment Manufacturing" industry received a total of $317.26M 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 5 employees, 25% higher than Soulful Pursuit LLC's reported 4 employees, and received an average PPP loan of $54,756, 17% higher than this company's loan of $46,692.
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Footnotes & Information
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