PPP Loan Data — Westaco, Inc, Scottsdale, AZ
Westaco, Inc is a subchapter s corporation located at 7155 E Thomas Rd in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $3,830,600.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CITY NATIONAL BANK
Westaco, Inc in Scottsdale, AZ received a Paycheck Protection Loan of $3.83M through CITY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Westaco, Inc's total 2019 payroll expenses were approximately $18.39M 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 $36,774 per employee1.
Business Information - Westaco, Inc in Scottsdale, AZ
7155 E Thomas Rd
Scottsdale, AZ 85251
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: AZ-09
Similar Companies near Scottsdale
In the Scottsdale area, 25 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 500) and received an average PPP loan of $235,587 (compared to this company's $3.83M).
Similar Nearby Businesses Who Received PPP Funding:
Clayton House LLC
Miller Sub, LLC
First Avenue Lounge And Patio,Incorporated
Comoncy Galleria, LLC
Shakes & Cones LLC
Velador Ventures, LLC
Adalberto Davila Inc
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than Westaco, Inc's reported 500 employees, and received an average PPP loan of $120,904, 97% lower than this company's loan of $3.83M.
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Footnotes & Information
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