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PPP Loan Data — Western Technologies Inc.,
Phoenix, 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:
Jobs Retained:
326Loan Approved:
2020-04-13Lender:
READYCAP LENDING, LLCWestern 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.
Business Information - Western Technologies Inc. in Phoenix, AZ
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-07Similar 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
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.
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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