PPP Loan Data — Stormwind LLC, Scottsdale, AZ
Stormwind LLC is a limited liability company (LLC) located at 14646 N Kierland Blvd Ste 120 in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,053,800.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Stormwind LLC in Scottsdale, AZ received a Paycheck Protection Loan of $2.05M through MidFirst 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, Stormwind LLC's 2019 payroll expenses are estimated to be at least $9.86M.
Based on their reported 121 jobs retained, this equals an estimated average yearly compensation of $81,473 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stormwind LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,053,800
Business Information - Stormwind LLC in Scottsdale, AZ
14646 N Kierland Blvd Ste 120
Scottsdale, AZ 85254
Professional and Management Development Training
NAICS code 611430
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Scottsdale
In the Scottsdale area, 16 businesses in the "Professional and Management Development Training" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 121) and received an average PPP loan of $164,783 (compared to this company's $2.05M).
Similar Nearby Businesses Who Received PPP Funding:
Paradise Valley, AZ
Licensing Exam Preparation Services LLC
Paradise Valley, AZ
Red Flag LLC
Juliann Wiese Executive Coaching
Delta Point, Inc
Latz Negotiation Institute Lni Inc
Industry PPP Comparison Statistics
Nationwide, 12,077 businesses in the "Professional and Management Development Training" industry received a total of $602.02M 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 4 employees, 97% lower than Stormwind LLC's reported 121 employees, and received an average PPP loan of $49,849, 98% lower than this company's loan of $2.05M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!