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PPP Loan Data — Updike Distribution Logistics, LLC, Phoenix, AZ

SBA PPP loan data, payroll data, and salaries for Updike Distribution Logistics, LLC
AZ

Updike Distribution Logistics, LLC

Entity: Limited Liability Company (LLC)

Industry: Freight Transportation Arrangement

Location: Phoenix, AZ

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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

Loan Size:

$3.93M

Jobs Retained:

414

Loan Approved:

2020-04-15

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.

Because the loan received by Updike Distribution Logistics, LLC 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 - Updike Distribution Logistics, LLC in Phoenix, AZ

Updike Distribution Logistics, LLC
435 South 59th Ave
Phoenix, AZ 85043

Business Industry

Freight Transportation Arrangement (NAICS code 488510)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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/updike-distribution-logistics-llc-phoenix-az