PPP Loan Data — Landdesign, Inc., Charlotte, NC
Landdesign, Inc. is a corporation located at 223 N. Graham Street in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,231,800.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Landdesign, Inc. in Charlotte, NC received a Paycheck Protection Loan of $3.23M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Landdesign, Inc.'s total 2019 payroll expenses were approximately $15.51M in order to qualify for the PPP loan amount received.
Based on their reported 208 jobs retained, this equals an estimated average yearly compensation of $74,580 per employee1.
Business Information - Landdesign, Inc. in Charlotte, NC
223 N. Graham Street
Charlotte, NC 28202
Landscape Architectural Services (NAICS code 541320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-12
Similar Companies near Charlotte
In the Charlotte area, 3 businesses in the "Landscape Architectural Services" industry received a PPP loan. These local businesses reported an average of 89 employees (compared to this company's 208) and received an average PPP loan of $1,394,210 (compared to this company's $3.23M).
Similar Nearby Businesses Who Received PPP Funding:
2301 Studio, PLLC
Colejenest & Stone, PA
Industry PPP Comparison Statistics
Nationwide, 11,471 businesses in the "Landscape Architectural Services" industry received a total of $1,015,336,643.00 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, 96% lower than Landdesign, Inc.'s reported 208 employees, and received an average PPP loan of $88,513, 97% lower than this company's loan of $3.23M.
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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