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PPP Loan Data — Wigwam Joint Venture, LP,
Litchfield Park, 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:
Jobs Retained:
367Loan Approved:
2020-04-08Lender:
ZIONS BANK, A DIVISION OFWigwam 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.
Business Information - Wigwam Joint Venture, LP in Litchfield Park, AZ
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-08Similar 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
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.
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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