PPP Loan Data — S&S Services Inc DBA American Dry Clean, Scottsdale, AZ
S&S Services Inc DBA American Dry Clean is a corporation located at 7601 E Roosevelt St Unit 1007 in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $25,180.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
S&S Services Inc DBA American Dry Clean in Scottsdale, AZ received a Paycheck Protection Loan of $25,180 through JPMorgan Chase Bank, National Association, which was approved in May, 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, S&S Services Inc DBA American Dry Clean's 2019 payroll expenses are estimated to be at least $120,864.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,216 per employee1
Reported PPP Proceed Usage:
On the PPP application, S&S Services Inc DBA American Dry Clean reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $16,076
- Utilities: $2,280
- Rent: $6,824
Business Information - S&S Services Inc DBA American Dry Clean in Scottsdale, AZ
7601 E Roosevelt St Unit 1007
Scottsdale, AZ 85257
Coin-Operated Laundries and Drycleaners
NAICS code 812310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Scottsdale
In the Scottsdale area, 4 businesses in the "Coin-Operated Laundries and Drycleaners" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 4) and received an average PPP loan of $26,060 (compared to this company's $25,180).
Similar Nearby Businesses Who Received PPP Funding:
Tank Wash 19Th And Southern LLC
LN Green Cleaning LLC
Industry PPP Comparison Statistics
Nationwide, 9,073 businesses in the "Coin-Operated Laundries and Drycleaners" industry received a total of $210.37M 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 S&S Services Inc DBA American Dry Clean's reported 4 employees, and received an average PPP loan of $23,187, 8% lower than this company's loan of $25,180.
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Footnotes & Information
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