PPP Loan Data — The Sunstone Group, Las Vegas, NV
The Sunstone Group
Entity: Subchapter S Corporation
Location: Las Vegas, NVTweet This • Search All PPP Data
The Sunstone Group is a subchapter s corporation located at 4144 West Sunset Road 0.0 in Las Vegas, Nevada that received a Coronavirus-related PPP loan from the SBA of $1,650,395.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
The Sunstone Group in Las Vegas, NV received a Paycheck Protection Loan of $1.65M through JPMorgan Chase 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 February, 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, The Sunstone Group's 2019 payroll expenses are estimated to be at least $7.92M.
Based on their reported 123 jobs retained, this equals an estimated average yearly compensation of $64,406 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Sunstone Group reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,170,983
- Utilities: $32,120
- Rent: $339,950
- Health Care: $107,342
Business Information - The Sunstone Group in Las Vegas, NV
4144 West Sunset Road 0.0
Las Vegas, NV 89118
Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers
NAICS code 423730
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Las Vegas
In the Las Vegas area, 2 businesses in the "Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 63 employees (compared to this company's 123) and received an average PPP loan of $829,348 (compared to this company's $1.65M).
Similar Nearby Businesses Who Received PPP Funding:
TND Sales Reps LLC
Las Vegas, NV
Industry PPP Comparison Statistics
Nationwide, 2,415 businesses in the "Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers" industry received a total of $489.76M 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 15 employees, 88% lower than The Sunstone Group's reported 123 employees, and received an average PPP loan of $202,797, 88% lower than this company's loan of $1.65M.
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Footnotes & Information
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