PPP Loan Data — Tempco Enterprises, Phoenix, AZ
Tempco Enterprises is a limited liability company (LLC) located at 5250 Indian Rd W in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $25,265.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Tempco Enterprises in Phoenix, AZ received a Paycheck Protection Loan of $25,265 through U.S. Bank, National Association, which was approved in April, 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 June, 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, Tempco Enterprises' 2019 payroll expenses are estimated to be at least $121,272.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,127 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tempco Enterprises reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,265
Business Information - Tempco Enterprises in Phoenix, AZ
5250 Indian Rd W
Phoenix, AZ 85031
All Other Business Support Services
NAICS code 561499
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Phoenix
In the Phoenix area, 18 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 10) and received an average PPP loan of $32,780 (compared to this company's $25,265).
Similar Nearby Businesses Who Received PPP Funding:
Cooperstown Business Advisors
Functional Health Systems SC
Top Hat Entertainment Inc
A Bok Enterprise Corp
Umta Enterprises, LLC
Delander And More LLC
Technology Resources Group LLC
Industry PPP Comparison Statistics
Nationwide, 53,190 businesses in the "All Other Business Support Services" industry received a total of $2.63B 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 6 employees, 40% lower than Tempco Enterprises' reported 10 employees, and received an average PPP loan of $49,465, 96% higher than this company's loan of $25,265.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!