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PPP Loan Data — Ball Homes, LLC, Lexington, KY

SBA PPP loan data, payroll data, and salaries for Ball Homes, LLC
KY

Ball Homes, LLC

Entity: Limited Liability Company (LLC)

Industry: New Single-Family Housing Construction (except For-Sale Builders)

Location: Lexington, KY

Search All PPP Data

Ball Homes, LLC is a limited liability company (LLC) located at 3609 Walden Dr in Lexington, Kentucky that received a Coronavirus-related PPP loan from the SBA of $3,597,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.6M

Jobs Retained:

268

Loan Approved:

2020-04-06

Lender:

CENTRAL BANK & TRUST CO.

Ball Homes, LLC in Lexington, KY received a Paycheck Protection Loan of $3.6M through CENTRAL BANK & TRUST CO., which was approved in April, 2020.

Based on standard PPP eligibility rules, Ball Homes, LLC's total 2019 payroll expenses were approximately $17.27M in order to qualify for the PPP loan amount received.

Based on their reported 268 jobs retained, this equals an estimated average yearly compensation of $64,427 per employee1.

Because the loan received by Ball Homes, LLC 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 - Ball Homes, LLC in Lexington, KY

Ball Homes, LLC
3609 Walden Dr
Lexington, KY 40517

Business Industry

New Single-Family Housing Construction (except For-Sale Builders) (NAICS code 236115)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: KY-06

Similar Companies near Lexington

In the Lexington area, 2 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 135 employees (compared to this company's 268) and received an average PPP loan of $1,800,039 (compared to this company's $3.6M).

Similar Nearby Businesses Who Received PPP Funding:

Carlos Zelaya Flores
Lexington, KY

$2,878 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 64,726 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $3,790,773,096.00 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 5 employees, 98% lower than Ball Homes, LLC's reported 268 employees, and received an average PPP loan of $58,566, 98% lower than this company's loan of $3.6M.

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/ball-homes-llc-lexington-ky