PPP Loan Data — Urethane Source, Tempe, AZ
Urethane Source is a professional association located at 124 W Orion St, Ste F4 in Tempe, Arizona that received a Coronavirus-related PPP loan from the SBA of $25,160.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:BMO Harris Bank National Association
Urethane Source in Tempe, AZ received a Paycheck Protection Loan of $25,160 through BMO Harris Bank National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Urethane Source's 2019 payroll expenses are estimated to be at least $120,768.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,384 per employee1
Reported PPP Proceed Usage:
On the PPP application, Urethane Source reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,160
Business Information - Urethane Source in Tempe, AZ
124 W Orion St, Ste F4
Tempe, AZ 85283
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tempe
In the Tempe area, 75 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 2) and received an average PPP loan of $35,624 (compared to this company's $25,160).
Similar Nearby Businesses Who Received PPP Funding:
DA Yung's Tea Phoenix LLC
Renewal Ventures, LLC
26 West LLC
Mountain AC Inc
AZ Pop LLC
B&B Chandler, LLC
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 400% higher than Urethane Source's reported 2 employees, and received an average PPP loan of $42,878, 70% higher than this company's loan of $25,160.
FederalPay's PPP Information Policy
Footnotes & Information
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