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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
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:

$5.66M

Jobs Retained:

500

Loan Approved:

2020-04-06

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.

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.

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/upward-projects-holdings-llc-phoenix-az