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PPP Loan Data — Twenty-First Century Healthcare, Inc., Tempe, AZ

SBA PPP loan data, payroll data, and salaries for Twenty-First Century Healthcare, Inc.
AZ

Twenty-First Century Healthcare, Inc.

Entity: Corporation

Industry: Medicinal and Botanical Manufacturing

Location: Tempe, AZ

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Twenty-First Century Healthcare, Inc. is a corporation located at 2115 S. Wilson Street in Tempe, Arizona that received a Coronavirus-related PPP loan from the SBA of $3,767,500.00 in April, 2020.

The company has reported itself as an Asian male owned business.

$ PPP Loan Information

Loan Size:

$3.77M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-07

Lender:

UMB BANK, NATIONAL ASSOCIATION

Twenty-First Century Healthcare, Inc. in Tempe, AZ received a Paycheck Protection Loan of $3.77M through UMB BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Twenty-First Century Healthcare, Inc.'s total 2019 payroll expenses were approximately $18.08M in order to qualify for the PPP loan amount received.

Unlike most businesses, Twenty-First Century Healthcare, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Twenty-First Century Healthcare, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Twenty-First Century Healthcare, Inc. in Tempe, AZ

Twenty-First Century Healthcare, Inc.
2115 S. Wilson Street
Tempe, AZ 85282

Business Industry

Medicinal and Botanical Manufacturing (NAICS code 325411)

Business Owner Demographics

Race / Ethnicity: ASIAN

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: AZ-09

Similar Companies near Tempe

In the Tempe area, 2 businesses in the "Medicinal and Botanical Manufacturing" industry received a PPP loan. These local businesses reported an average of 0 employees (compared to this company's 0) and received an average PPP loan of $1,926,500 (compared to this company's $3.77M).

Similar Nearby Businesses Who Received PPP Funding:

Bcbdg, Inc.
Tempe, AZ

$85,500 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 591 businesses in the "Medicinal and Botanical Manufacturing" industry received a total of $143,662,816.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 19 employees, and received an average PPP loan of $243,084, 94% lower than this company's loan of $3.77M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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/twenty-first-century-healthcare-inc-tempe-az