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PPP Loan Data — Western Technologies Inc., Phoenix, AZ

SBA PPP loan data, payroll data, and salaries for Western Technologies Inc.
AZ

Western Technologies Inc.

Entity: Sole Proprietorship

Industry: Executive Search Services

Location: Phoenix, AZ

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Western Technologies Inc. is a sole proprietorship located at 3737 East Broadway Road in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,733,100.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 326 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.73M

Jobs Retained:

326

Loan Approved:

2020-04-13

Lender:

READYCAP LENDING, LLC

Western Technologies Inc. in Phoenix, AZ received a Paycheck Protection Loan of $2.73M through READYCAP LENDING, LLC, which was approved in April, 2020.

Based on standard PPP eligibility rules, Western Technologies Inc.'s total 2019 payroll expenses were approximately $13.12M in order to qualify for the PPP loan amount received.

Based on their reported 326 jobs retained, this equals an estimated average yearly compensation of $40,242 per employee1.

Because the loan received by Western Technologies Inc. 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 - Western Technologies Inc. in Phoenix, AZ

Western Technologies Inc.
3737 East Broadway Road
Phoenix, AZ 85040

Business Industry

Executive Search Services (NAICS code 561312)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: AZ-07

Similar Companies near Phoenix

In the Phoenix area, 2 businesses in the "Executive Search Services" industry received a PPP loan. These local businesses reported an average of 232 employees (compared to this company's 326) and received an average PPP loan of $1,666,550 (compared to this company's $2.73M).

Similar Nearby Businesses Who Received PPP Funding:

Ohana Developmental Homes, LLC
Phoenix, AZ

$600,000 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 4,499 businesses in the "Executive Search Services" industry received a total of $602,770,500.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 12 employees, 96% lower than Western Technologies Inc.'s reported 326 employees, and received an average PPP loan of $133,979, 95% lower than this company's loan of $2.73M.

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/western-technologies-inc-phoenix-az