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PPP Loan Data — Landsea Holdings Corporation,
Newport Beach, CA
Landsea Holdings Corporation
Entity: Corporation
Industry: New Housing For-Sale Builders
Location: Newport Beach, CA
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Landsea Holdings Corporation is a corporation located at 660 Newport Center Dr in Newport Beach, California that received a Coronavirus-related PPP loan from the SBA of $4,265,605.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
274Loan Approved:
2020-04-15Lender:
FARMERS & MERCHANTS BANK OF LONG BEACHLandsea Holdings Corporation received a Paycheck Protection Loan of $4.27M through FARMERS & MERCHANTS BANK OF LONG BEACH, which was approved in April, 2020.
Based on standard PPP eligibility rules, Landsea Holdings Corporation's total 2019 payroll expenses were approximately $20.47M in order to qualify for the PPP loan amount received.
Based on their reported 274 jobs retained, this equals an estimated average yearly compensation of $74,726 per employee1.
Business Information - Landsea Holdings Corporation in Newport Beach, CA
660 Newport Center Dr
Newport Beach, CA 92660
Business Industry
New Housing For-Sale Builders (NAICS code 236117)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-48Similar Companies near Newport Beach
In the Newport Beach area, 5 businesses in the "New Housing For-Sale Builders" industry received a PPP loan. These local businesses reported an average of 109 employees (compared to this company's 274) and received an average PPP loan of $2,360,932 (compared to this company's $4.27M).
Similar Nearby Businesses Who Received PPP Funding:
Patterson Construction Corporation
Newport Beach, CA
Baldwin & Sons
Newport Beach, CA
Pacific Communities Builder Inc.
Newport Beach, CA
Sares Regis Operating Company, LP
Newport Beach, CA
Industry PPP Comparison Statistics
Nationwide, 7,736 businesses in the "New Housing For-Sale Builders" industry received a total of $770,266,772.00 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 7 employees, 97% lower than Landsea Holdings Corporation's reported 274 employees, and received an average PPP loan of $99,569, 98% lower than this company's loan of $4.27M.
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.
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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