PPP Loan Data — Upward Projects Holdings, LLC, 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
Lender:WESTERN ALLIANCE BANK
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.
Business Information - Upward Projects Holdings, LLC in Phoenix, AZ
3443 N Central Ave
Phoenix, AZ 85012
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
J & T Restaurants LLC
D'Lite Healthy On The Go LLC
Rggr Holdings LLC
Pnkt St Francis LLC
George And Dragon Inc
AGK Restaurants, Inc
Welcome 16Th St, LLC
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.
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Footnotes & Information
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