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PPP Loan Data — Upward Projects Holdings, LLC, Phoenix, AZ

SBA PPP loan data, payroll data, and salaries for Upward Projects Holdings, LLC

Upward Projects Holdings, LLC

Entity: Limited Liability Company (LLC)

Industry: Full-Service Restaurants

Location: Phoenix, AZ

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Upward Projects Holdings, LLC is a limited liability company (LLC) located at 3443 N Central Ave in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $5,663,910.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Upward Projects Holdings, LLC in Phoenix, AZ received a Paycheck Protection Loan of $5.66M through WESTERN ALLIANCE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Upward Projects Holdings, LLC's total 2019 payroll expenses were approximately $27.19M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $54,374 per employee1.

Because the loan received by Upward Projects Holdings, 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 - Upward Projects Holdings, LLC in Phoenix, AZ

Upward Projects Holdings, LLC
3443 N Central Ave
Phoenix, AZ 85012

Business Industry

Full-Service Restaurants (NAICS code 722511)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AZ-09

Similar Companies near Phoenix

In the Phoenix area, 32 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 500) and received an average PPP loan of $405,487 (compared to this company's $5.66M).

Industry PPP Comparison Statistics

Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.

PPP recipients in this industry report an average of 20 employees, 96% lower than Upward Projects Holdings, LLC's reported 500 employees, and received an average PPP loan of $116,685, 98% lower than this company's loan of $5.66M.

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.

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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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