PPP Loan Data — Sscw Corporate Office, LLC, Phoenix, AZ
Sscw Corporate Office, LLC is a limited liability company (LLC) located at 1830 95th Ave in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,399,000.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least 399 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Western Alliance Bank
Sscw Corporate Office, LLC in Phoenix, AZ received a Paycheck Protection Loan of $2.4M through Western Alliance Bank, which was approved in April, 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, Sscw Corporate Office, LLC's 2019 payroll expenses are estimated to be at least $11.52M.
Based on their reported 399 jobs retained, this equals an estimated average yearly compensation of $28,860 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sscw Corporate Office, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,919,220
- Utilities: $380,350
- Mortgage Interest: $10,866
- Rent: $88,564
Business Information - Sscw Corporate Office, LLC in Phoenix, AZ
1830 95th Ave
Phoenix, AZ 85037
NAICS code 811192
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Phoenix
In the Phoenix area, 8 businesses in the "Car Washes" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 399) and received an average PPP loan of $356,562 (compared to this company's $2.4M).
Similar Nearby Businesses Who Received PPP Funding:
Hg&B Auto Reflections, LLC
Mitra VI, LLC
H G & B Auto Reflections LLC
Omar Ledesma Meza
Industry PPP Comparison Statistics
Nationwide, 26,021 businesses in the "Car Washes" industry received a total of $986.15M 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 7 employees, 98% lower than Sscw Corporate Office, LLC's reported 399 employees, and received an average PPP loan of $37,898, 98% lower than this company's loan of $2.4M.
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Footnotes & Information
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