PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Tailored In White, Scottsdale, AZ

ALERT: There are 2 PPP loans for a total of $61,669 in our database for businesses with the name "Tailored In White" in Scottsdale, AZ. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Tailored In White
AZ

Tailored In White

Entity: Limited Liability Company (LLC)

Industry: Other Personal and Household Goods Repair and Maintenance

Location: Scottsdale, AZ

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Tailored In White is a limited liability company (LLC) located at 2928 N 67th Pl in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $36,225.00 in February, 2021.

The company has reported itself as a White female owned business, and employed at least seven people during the applicable loan loan period.

$ PPP Loan Information
Loan #2769338505

Loan Size:

$36,225

Jobs Retained:

7

Loan Approved:

2021-02-22

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

Tailored In White in Scottsdale, AZ received a Paycheck Protection Loan of $36,225 through Bank of America, National Association, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Tailored In White's 2019 payroll expenses are estimated to be at least $173,880.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $24,840 per employee1

Reported PPP Proceed Usage:

On the PPP application, Tailored In White reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $36,221
  • Utilities: $1

Business Information - Tailored In White in Scottsdale, AZ

Tailored In White
2928 N 67th Pl
Scottsdale, AZ 85251

Business Industry:
Other Personal and Household Goods Repair and Maintenance
NAICS code 811490

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Maricopa County, AZ — SBA Office 0988 — Congressional District: AZ-06

Similar Companies near Scottsdale

In the Scottsdale area, 7 businesses in the "Other Personal and Household Goods Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 7) and received an average PPP loan of $89,151 (compared to this company's $36,225).

Industry PPP Comparison Statistics

Nationwide, 26,317 businesses in the "Other Personal and Household Goods Repair and Maintenance" industry received a total of $687.28M 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 3 employees, 57% lower than Tailored In White's reported 7 employees, and received an average PPP loan of $26,116, 28% lower than this company's loan of $36,225.

SBA PPP loan data, payroll data, and salaries for Tailored In White
AZ

Tailored In White

Entity: Limited Liability Company (LLC)

Industry: Unclassified Establishments

Location: Scottsdale, AZ

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Tailored In White is a limited liability company (LLC) located at 2928 N 67th Pl in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $25,444.00 in May, 2020.

The company has reported itself as a White female owned business, and employed at least five people during the applicable loan loan period.

$ PPP Loan Information
Loan #5852217709

Loan Size:

$25,444

Jobs Retained:

5

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

Tailored In White in Scottsdale, AZ received a Paycheck Protection Loan of $25,444 through Bank of America, National Association, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Tailored In White's 2019 payroll expenses are estimated to be at least $122,131.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,426 per employee1

Reported PPP Proceed Usage:

On the PPP application, Tailored In White reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,444

Business Information - Tailored In White in Scottsdale, AZ

Tailored In White
2928 N 67th Pl
Scottsdale, AZ 85251

Business Industry:
Unclassified Establishments
NAICS code 999990

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Maricopa County, AZ — SBA Office 0988 — Congressional District: AZ-06

Similar Companies near Scottsdale

In the Scottsdale area, 109 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 5) and received an average PPP loan of $39,321 (compared to this company's $25,444).

Industry PPP Comparison Statistics

Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 100% higher than Tailored In White's reported 5 employees, and received an average PPP loan of $42,878, 69% higher than this company's loan of $25,444.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/tailored-in-white-scottsdale-az