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PPP Loan Data — Wigwam Joint Venture, LP, Litchfield Park, AZ

SBA PPP loan data, payroll data, and salaries for Wigwam Joint Venture, LP
AZ

Wigwam Joint Venture, LP

Entity: Partnership

Industry: Hotels (except Casino Hotels) and Motels

Location: Litchfield Park, AZ

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Wigwam Joint Venture, LP is a partnership located at 300 E Wigwam Blvd in Litchfield Park, Arizona that received a Coronavirus-related PPP loan from the SBA of $3,077,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.08M

Jobs Retained:

367

Loan Approved:

2020-04-08

Lender:

ZIONS BANK, A DIVISION OF

Wigwam Joint Venture, LP in Litchfield Park, AZ received a Paycheck Protection Loan of $3.08M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, Wigwam Joint Venture, LP's total 2019 payroll expenses were approximately $14.77M in order to qualify for the PPP loan amount received.

Based on their reported 367 jobs retained, this equals an estimated average yearly compensation of $40,245 per employee1.

Because the loan received by Wigwam Joint Venture, LP 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 - Wigwam Joint Venture, LP in Litchfield Park, AZ

Wigwam Joint Venture, LP
300 E Wigwam Blvd
Litchfield Park, AZ 85340

Business Industry

Hotels (except Casino Hotels) and Motels (NAICS code 721110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AZ-08

Similar Companies near Litchfield Park

In the Litchfield Park area, 2 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 192 employees (compared to this company's 367) and received an average PPP loan of $1,575,850 (compared to this company's $3.08M).

Similar Nearby Businesses Who Received PPP Funding:

Liberty Hospitality Group, LLC
Litchfield Park, AZ

$74,600 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 41,528 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $6,692,184,447.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 21 employees, 94% lower than Wigwam Joint Venture, LP's reported 367 employees, and received an average PPP loan of $161,149, 95% lower than this company's loan of $3.08M.

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/wigwam-joint-venture-lp-litchfield-park-az