PPP Loan Data — Ginkgo Residential LLC, Charlotte, NC
Ginkgo Residential LLC is a subchapter s corporation located at 200 S. College in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $1,694,138.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:KeyBank National Association
Ginkgo Residential LLC in Charlotte, NC received a Paycheck Protection Loan of $1.69M through KeyBank National Association, 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 February, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Ginkgo Residential LLC's 2019 payroll expenses are estimated to be at least $8.13M.
Based on their reported 182 jobs retained, this equals an estimated average yearly compensation of $44,681 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ginkgo Residential LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,694,138
Business Information - Ginkgo Residential LLC in Charlotte, NC
200 S. College
Charlotte, NC 28202
Lessors of Residential Buildings and Dwellings
NAICS code 531110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Charlotte
In the Charlotte area, 5 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 182) and received an average PPP loan of $441,176 (compared to this company's $1.69M).
Similar Nearby Businesses Who Received PPP Funding:
Abacus Capital USA LLC
Dean Consolidated LLC
Brown & Glenn Realty Co. Inc
Churchill Finance LLC
Industry PPP Comparison Statistics
Nationwide, 28,867 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $2.03B 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 8 employees, 96% lower than Ginkgo Residential LLC's reported 182 employees, and received an average PPP loan of $70,456, 96% lower than this company's loan of $1.69M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!