PPP Loan Data — The Caricoa Company, Phoenix, AZ
The Caricoa Company is a corporation located at 2601 W. Dunlap Ave Suite 10 in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $1,802,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
The Caricoa Company in Phoenix, AZ received a Paycheck Protection Loan of $1.8M through JPMorgan Chase Bank, National Association, 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, The Caricoa Company's 2019 payroll expenses are estimated to be at least $8.65M.
Based on their reported 369 jobs retained, this equals an estimated average yearly compensation of $23,441 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Caricoa Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,700,000
- Utilities: $100,000
- Rent: $2,000
Business Information - The Caricoa Company in Phoenix, AZ
2601 W. Dunlap Ave Suite 10
Phoenix, AZ 85021
Gasoline Stations with Convenience Stores
NAICS code 447110
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, 8 businesses in the "Gasoline Stations with Convenience Stores" industry received a PPP loan. These local businesses reported an average of 57 employees (compared to this company's 369) and received an average PPP loan of $277,060 (compared to this company's $1.8M).
Similar Nearby Businesses Who Received PPP Funding:
Grand Oil Partners LLC
Gillco Operating LLC
F1 Food And Fuel, LLC
Biltmore Automotive Center, Inc
Industry PPP Comparison Statistics
Nationwide, 45,026 businesses in the "Gasoline Stations with Convenience Stores" industry received a total of $2.06B 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, 97% lower than The Caricoa Company's reported 369 employees, and received an average PPP loan of $45,821, 97% lower than this company's loan of $1.8M.
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Footnotes & Information
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