PPP Loan Data — The Opportunity Tree, Phoenix, AZ
The Opportunity Tree
Location: Phoenix, AZTweet This • Search All PPP Data
The Opportunity Tree is a corporation located at 3146 E Windsor Ave in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $1,585,790.00 in May, 2020.
The company has reported itself as a White owned business, and employed at least 463 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
The Opportunity Tree in Phoenix, AZ received a Paycheck Protection Loan of $1.59M through JPMorgan Chase Bank, National Association, which was approved in May, 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 Opportunity Tree's 2019 payroll expenses are estimated to be at least $7.61M.
Based on their reported 463 jobs retained, this equals an estimated average yearly compensation of $16,440 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Opportunity Tree reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,168,660
- Utilities: $38,850
- Rent: $85,770
- Health Care: $292,510
Business Information - The Opportunity Tree in Phoenix, AZ
3146 E Windsor Ave
Phoenix, AZ 85008
Residential Mental Health and Substance Abuse Facilities
NAICS code 623220
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, 2 businesses in the "Residential Mental Health and Substance Abuse Facilities" industry received a PPP loan. These local businesses reported an average of 251 employees (compared to this company's 463) and received an average PPP loan of $838,575 (compared to this company's $1.59M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 3,600 businesses in the "Residential Mental Health and Substance Abuse Facilities" industry received a total of $1.06B 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 36 employees, 92% lower than The Opportunity Tree's reported 463 employees, and received an average PPP loan of $295,104, 81% lower than this company's loan of $1.59M.
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Footnotes & Information
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