CLEARWATER PIPELINES LLC
PPP Loan approved May 1, 2020 through JPMorgan Chase Bank, National Association
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $663,345.00 | 98.8% |
| Utilities | $300.00 | 0.0% |
| Rent / Lease | $3,954.00 | 0.6% |
| Health Care | $3,496.00 | 0.5% |
About This Loan
CLEARWATER PIPELINES LLC received a PPP loan of $674,522 approved on May 1, 2020. The loan was originated by JPMorgan Chase Bank, National Association.
CLEARWATER PIPELINES LLC is a limited liability company(llc) located in MESA, Arizona. At the time of the application, the business was described as "existing or more than 2 years old".
The business operates in the Other Pipeline Transportation industry (NAICS 486990), part of the Transportation and Warehousing sector of the economy. The applicant reported 58 jobs as retained through this loan.
The SBA forgave $679,498.10 of this loan — 100.7% of the total approved amount, with forgiveness recorded on Jan 28, 2021. This means the borrower was not required to repay this portion, having satisfied the PPP's eligibility criteria for forgiveness, including maintaining payroll levels and using the funds for qualified expenses.
According to the SBA's records, the proceeds of this loan were allocated as follows: $663,345 to payroll, $300 to utilities, $3,954 to rent or lease obligations, $3,496 to health care costs. The payroll component represents 98.8% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.
This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in Arizona, visit the Arizona page. To compare this loan with others in the same industry, see the Other Pipeline Transportation industry page.