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

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:
J & T Restaurants LLC
Phoenix, AZ
D'Lite Healthy On The Go LLC
Phoenix, AZ
Melrose Kitchen
Phoenix, AZ
Rggr Holdings LLC
Phoenix, AZ
4400, LLC
Phoenix, AZ
Pnkt St Francis LLC
Phoenix, AZ
George And Dragon Inc
Phoenix, AZ
AGK Restaurants, Inc
Phoenix, AZ
Welcome 16Th St, LLC
Phoenix, AZ
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.
Have FederalPay.org's open data tools been valuable? Consider donating!