PPP Loan Data — Ibex Hc LLC, Charlotte, NC
Ibex Hc LLC is a limited liability company (LLC) located at 2857 Westport Road in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $4,525,500.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Ibex Hc LLC in Charlotte, NC received a Paycheck Protection Loan of $4.53M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ibex Hc LLC's total 2019 payroll expenses were approximately $21.72M in order to qualify for the PPP loan amount received.
Based on their reported 254 jobs retained, this equals an estimated average yearly compensation of $85,521 per employee1.
Business Information - Ibex Hc LLC in Charlotte, NC
2857 Westport Road
Charlotte, NC 28208
Other Activities Related to Real Estate (NAICS code 531390)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-12
Similar Companies near Charlotte
In the Charlotte area, 28 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 254) and received an average PPP loan of $231,116 (compared to this company's $4.53M).
Similar Nearby Businesses Who Received PPP Funding:
Ivey Capital Management, LLC
Griffith Real Estate Services Company
WRW Real Estate Inc.
David R. Krug Associates, Inc.
BP Crutcher Jr LLC
Insite Properties, LLC
Industry PPP Comparison Statistics
Nationwide, 36,088 businesses in the "Other Activities Related to Real Estate" industry received a total of $2,270,983,687.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 98% lower than Ibex Hc LLC's reported 254 employees, and received an average PPP loan of $62,929, 99% lower than this company's loan of $4.53M.
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.
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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