PPP Loan Data — Western Organics, Inc, Tempe, AZ
Western Organics, Inc is a corporation located at 420 E Southern Ave in Tempe, Arizona that received a Coronavirus-related PPP loan from the SBA of $1,787,700.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Western State Bank
Western Organics, Inc in Tempe, AZ received a Paycheck Protection Loan of $1.79M through Western State Bank, which was approved in April, 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, Western Organics, Inc's 2019 payroll expenses are estimated to be at least $8.58M.
Based on their reported 181 jobs retained, this equals an estimated average yearly compensation of $47,409 per employee1
Reported PPP Proceed Usage:
On the PPP application, Western Organics, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,787,700
Business Information - Western Organics, Inc in Tempe, AZ
420 E Southern Ave
Tempe, AZ 85282
Nitrogenous Fertilizer Manufacturing
NAICS code 325311
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 237 businesses in the "Nitrogenous Fertilizer Manufacturing" industry received a total of $58.42M 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 18 employees, 90% lower than Western Organics, Inc's reported 181 employees, and received an average PPP loan of $246,496, 86% lower than this company's loan of $1.79M.
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Footnotes & Information
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