PPP Loan Data — Sun Bright LLC, Scottsdale, AZ
Sun Bright LLC is a limited liability company (LLC) located at 9405 E Dreyfus Pl in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $46,667.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Sun Bright LLC in Scottsdale, AZ received a Paycheck Protection Loan of $46,667 through Wells Fargo Bank, National Association, which was approved in May, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 2. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Sun Bright LLC's 2019 payroll expenses are estimated to be at least $224,002 (not accounting for salary amounts > $100k).
Because the 2 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Sun Bright LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,667
Business Information - Sun Bright LLC in Scottsdale, AZ
9405 E Dreyfus Pl
Scottsdale, AZ 85260
Other Services to Buildings and Dwellings
NAICS code 561790
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, 12 businesses in the "Other Services to Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 2) and received an average PPP loan of $78,520 (compared to this company's $46,667).
Similar Nearby Businesses Who Received PPP Funding:
Desert Waters Pool Care, LLC
AZ Pool Care LLC
DDH Consulting LLC
Omega Services LLC
Blue Water Pool Chemical Company Inc. Of Scottsdale
Postorino Pool Service & Repair, Inc
Crystal Falls Inc
Aqua Spa And Pool, LLC
Industry PPP Comparison Statistics
Nationwide, 25,135 businesses in the "Other Services to Buildings and Dwellings" industry received a total of $1.14B 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, 250% higher than Sun Bright LLC's reported 2 employees, and received an average PPP loan of $45,205, 3% lower than this company's loan of $46,667.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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