PPP Loan Data — Updike Distribution Logistics, LLC, Phoenix, AZ
Updike Distribution Logistics, LLC is a limited liability company (LLC) located at 435 South 59th Ave in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $3,930,855.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST FIDELITY BANK
Updike Distribution Logistics, LLC in Phoenix, AZ received a Paycheck Protection Loan of $3.93M through FIRST FIDELITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Updike Distribution Logistics, LLC's total 2019 payroll expenses were approximately $18.87M in order to qualify for the PPP loan amount received.
Based on their reported 414 jobs retained, this equals an estimated average yearly compensation of $45,575 per employee1.
Business Information - Updike Distribution Logistics, LLC in Phoenix, AZ
435 South 59th Ave
Phoenix, AZ 85043
Freight Transportation Arrangement (NAICS code 488510)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AZ-07
Similar Companies near Phoenix
In the Phoenix area, 8 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 95 employees (compared to this company's 414) and received an average PPP loan of $722,960 (compared to this company's $3.93M).
Similar Nearby Businesses Who Received PPP Funding:
American Western Distribution, Inc.
Hunter Machine Moving, LLC
NRG Transport Services LLC
BC Logistics LLC
Kronos Transportation LLC
Crossroads Services Group LLC
SES Logistics LLC
Industry PPP Comparison Statistics
Nationwide, 10,632 businesses in the "Freight Transportation Arrangement" industry received a total of $1,273,457,640.00 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 10 employees, 98% lower than Updike Distribution Logistics, LLC's reported 414 employees, and received an average PPP loan of $119,776, 97% lower than this company's loan of $3.93M.
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Footnotes & Information
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