PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Davinci Jets LLC, Charlotte, NC

ALERT: There are 2 PPP loans for a total of $2.28M in our database for businesses with the name "Davinci Jets LLC" in Charlotte, NC. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Davinci Jets LLC
NC

Davinci Jets LLC

Entity: Limited Liability Company (LLC)

Industry: Other Airport Operations

Location: Charlotte, NC

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Davinci Jets LLC is a limited liability company (LLC) located at 5207 Morris Field Dr in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $1,232,800.00 in January, 2021.

$ PPP Loan Information
Loan #2306598310

Loan Size:

$1.23M

Jobs Retained:

67

Loan Approved:

2021-01-20

Loan Status:

Ongoing Loan

Lender:

Dogwood State Bank

Davinci Jets LLC in Charlotte, NC received a Paycheck Protection Loan of $1.23M through Dogwood State Bank, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Davinci Jets LLC's 2019 payroll expenses are estimated to be at least $5.92M.

Based on their reported 67 jobs retained, this equals an estimated average yearly compensation of $88,320 per employee1

Reported PPP Proceed Usage:

On the PPP application, Davinci Jets LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,232,800

Business Information - Davinci Jets LLC in Charlotte, NC

Davinci Jets LLC
5207 Morris Field Dr
Charlotte, NC 28208

Business Industry:
Other Airport Operations
NAICS code 488119

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Mecklenburg County, NC — SBA Office 0460 — Congressional District: NC-12

Industry PPP Comparison Statistics

Nationwide, 1,435 businesses in the "Other Airport Operations" industry received a total of $191.6M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 15 employees, 78% lower than Davinci Jets LLC's reported 67 employees, and received an average PPP loan of $133,516, 89% lower than this company's loan of $1.23M.

SBA PPP loan data, payroll data, and salaries for Davinci Jets LLC
NC

Davinci Jets LLC

Entity: Limited Liability Company (LLC)

Industry: Nonscheduled Chartered Passenger Air Transportation

Location: Charlotte, NC

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Davinci Jets LLC is a limited liability company (LLC) located at 4690 First Flight Drive in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $1,048,700.00 in April, 2020.

$ PPP Loan Information
Loan #7137987009

Loan Size:

$1.05M

Jobs Retained:

70

Loan Approved:

2020-04-07

Loan Status:

Paid in Full or Forgiven

Lender:

Dogwood State Bank

Davinci Jets LLC in Charlotte, NC received a Paycheck Protection Loan of $1.05M through Dogwood State Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Davinci Jets LLC's 2019 payroll expenses are estimated to be at least $5.03M.

Based on their reported 70 jobs retained, this equals an estimated average yearly compensation of $71,911 per employee1

Reported PPP Proceed Usage:

On the PPP application, Davinci Jets LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,048,700

Business Information - Davinci Jets LLC in Charlotte, NC

Davinci Jets LLC
4690 First Flight Drive
Charlotte, NC 28208

Business Industry:
Nonscheduled Chartered Passenger Air Transportation
NAICS code 481211

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Mecklenburg County, NC — SBA Office 0460 — Congressional District: NC-12

Similar Companies near Charlotte

In the Charlotte area, 2 businesses in the "Nonscheduled Chartered Passenger Air Transportation" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 70) and received an average PPP loan of $526,859 (compared to this company's $1.05M).

Similar Nearby Businesses Who Received PPP Funding:

Advanced Care Transportation LLC
Charlotte, NC

$5,017 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,646 businesses in the "Nonscheduled Chartered Passenger Air Transportation" industry received a total of $373.45M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 16 employees, 77% lower than Davinci Jets LLC's reported 70 employees, and received an average PPP loan of $226,883, 78% lower than this company's loan of $1.05M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/davinci-jets-llc-charlotte-nc