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PPP Loan Data — LCW Residential Inc,
Atlanta, GA
LCW Residential Inc
Entity: Corporation
Industry: New Multifamily Housing Construction (except For-Sale Builders)
Location: Atlanta, GA
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LCW Residential Inc is a corporation located at 1509 Riversedge Dr in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $10,417.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
1Loan Approved:
2020-04-13Lender:
SYNOVUS BANKLCW Residential Inc received a Paycheck Protection Loan of $10,417 through SYNOVUS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, LCW Residential Inc's total 2019 payroll expenses were approximately $50,002 in order to qualify for the PPP loan amount received.
Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $50,002 per employee1.
Business Information - LCW Residential Inc in Atlanta, GA
1509 Riversedge Dr
Atlanta, GA 30339
Business Industry
New Multifamily Housing Construction (except For-Sale Builders) (NAICS code 236116)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: GA-11Similar Companies near Atlanta
In the Atlanta area, 5 businesses in the "New Multifamily Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $1,026,907 (compared to this company's $10,417).
Similar Nearby Businesses Who Received PPP Funding:
Radco Residential LLC
Atlanta, GA
Sandra Bohorquez
Atlanta, GA
Paradigm Blue LLC
Atlanta, GA
Longo Homes Inc.
Atlanta, GA
Industry PPP Comparison Statistics
Nationwide, 7,088 businesses in the "New Multifamily Housing Construction (except For-Sale Builders)" industry received a total of $764,634,216.00 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 8 employees, 700% higher than LCW Residential Inc's reported 1 employees, and received an average PPP loan of $107,877, 936% higher than this company's loan of $10,417.
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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