PPP Loan Data — Hygge Coworking LLC, Charlotte, NC
Hygge Coworking LLC
Entity: Limited Liability Company (LLC)
Location: Charlotte, NCTweet This • Search All PPP Data
Hygge Coworking LLC is a limited liability company (LLC) located at 809 Hill St in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $39,658.00 in April, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
Hygge Coworking LLC received a Paycheck Protection Loan of $39,658 through FIFTH THIRD BANK, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Hygge Coworking LLC's total 2019 payroll expenses were approximately $190,358 in order to qualify for the PPP loan amount received.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $47,590 per employee1.
Business Information - Hygge Coworking LLC in Charlotte, NC
809 Hill St
Charlotte, NC 28208
Lessors of Nonresidential Buildings (except Miniwarehouses) (NAICS code 531120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-12
Similar Companies near Charlotte
In the Charlotte area, 8 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 4) and received an average PPP loan of $552,352 (compared to this company's $39,658).
Similar Nearby Businesses Who Received PPP Funding:
Integrated Property Maintenance, LLC
JCT Group, LLC
The Launch Factory, LLC
Evergreen Commercial Properties, Inc.
LAT Purser & Associates, Inc.
Hutch Ham Agency Inc
Grubb Management, LLC
Industry PPP Comparison Statistics
Nationwide, 14,874 businesses in the "Lessors of Nonresidential Buildings (except Miniwarehouses)" industry received a total of $1,433,708,089.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 125% higher than Hygge Coworking LLC's reported 4 employees, and received an average PPP loan of $96,390, 143% higher than this company's loan of $39,658.
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.
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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