PPP Loan Data — W & I LLC, Scottsdale, AZ
W & I LLC is a limited liability company (LLC) located at 15029 N Thompson Peak Pkwy Ste B111 in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $25,136.00 in May, 2020.
The company has reported itself as a White female veteran owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
W & I LLC in Scottsdale, AZ received a Paycheck Protection Loan of $25,136 through Wells Fargo 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, W & I LLC's 2019 payroll expenses are estimated to be at least $120,653.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,131 per employee1
Reported PPP Proceed Usage:
On the PPP application, W & I LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,136
Business Information - W & I LLC in Scottsdale, AZ
15029 N Thompson Peak Pkwy Ste B111
Scottsdale, AZ 85260
NAICS code 999990
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Scottsdale
In the Scottsdale area, 80 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 5) and received an average PPP loan of $40,243 (compared to this company's $25,136).
Similar Nearby Businesses Who Received PPP Funding:
Innovative Climatic Technologies, Inc
Arcadia Townhomes LLC
3002 N 40Th St Limited Partners LLC
Keep Glowing LLC
Akr22 Limited 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, 100% higher than W & I LLC's reported 5 employees, and received an average PPP loan of $42,878, 71% higher than this company's loan of $25,136.
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Footnotes & Information
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