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PPP Loan Data — Upward Projects Holdings, LLC,
Phoenix, AZ
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:
500Loan Approved:
2020-04-06Lender:
WESTERN ALLIANCE BANKUpward 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.
Business Information - Upward Projects Holdings, LLC in Phoenix, AZ
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-09Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
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Melrose Kitchen
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Rggr Holdings LLC
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4400, LLC
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Pnkt St Francis LLC
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George And Dragon Inc
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AGK Restaurants, Inc
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Welcome 16Th St, LLC
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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.
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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