PPP Loan Data — Universal Laser Systems, Inc, Scottsdale, AZ
Universal Laser Systems, Inc is a subchapter s corporation located at 16008 N 81st Street 0.0 in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,171,047.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Universal Laser Systems, Inc in Scottsdale, AZ received a Paycheck Protection Loan of $2.17M 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, Universal Laser Systems, Inc's 2019 payroll expenses are estimated to be at least $10.42M.
Based on their reported 178 jobs retained, this equals an estimated average yearly compensation of $58,545 per employee1
Reported PPP Proceed Usage:
On the PPP application, Universal Laser Systems, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,781,047
- Utilities: $90,000
- Rent: $30,000
- Health Care: $270,000
Business Information - Universal Laser Systems, Inc in Scottsdale, AZ
16008 N 81st Street 0.0
Scottsdale, AZ 85260
Machine Tool Manufacturing
NAICS code 333517
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,977 businesses in the "Machine Tool Manufacturing" industry received a total of $619M 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 17 employees, 90% lower than Universal Laser Systems, Inc's reported 178 employees, and received an average PPP loan of $207,928, 90% lower than this company's loan of $2.17M.
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Footnotes & Information
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