PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Legend Capital Group Inc, Scottsdale, AZ

ALERT: There are 2 PPP loans for a total of $83,270 in our database for businesses with the name "Legend Capital Group Inc" in Scottsdale, AZ. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Legend Capital Group Inc
AZ

Legend Capital Group Inc

Entity: Corporation

Industry: Investment Advice

Location: Scottsdale, AZ

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Legend Capital Group Inc is a corporation located at 7702 E Doubletree Ranch Rd Ste 300 in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $43,750.00 in March, 2021.

$ PPP Loan Information
Loan #7630818505

Loan Size:

$43,750

Jobs Retained:

3

Loan Approved:

2021-03-06

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

Legend Capital Group Inc in Scottsdale, AZ received a Paycheck Protection Loan of $43,750 through Bank of America, National Association, which was approved in March, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in October, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Legend Capital Group Inc's 2019 payroll expenses are estimated to be at least $210,000.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $70,000 per employee1

Reported PPP Proceed Usage:

On the PPP application, Legend Capital Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $43,749

Business Information - Legend Capital Group Inc in Scottsdale, AZ

Legend Capital Group Inc
7702 E Doubletree Ranch Rd Ste 300
Scottsdale, AZ 85258

Business Industry:
Investment Advice
NAICS code 523930

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Maricopa County, AZ — SBA Office 0988 — Congressional District: AZ-06

Similar Companies near Scottsdale

In the Scottsdale area, 28 businesses in the "Investment Advice" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $49,515 (compared to this company's $43,750).

Industry PPP Comparison Statistics

Nationwide, 32,223 businesses in the "Investment Advice" industry received a total of $1.45B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 4 employees, 33% higher than Legend Capital Group Inc's reported 3 employees, and received an average PPP loan of $44,994, 3% higher than this company's loan of $43,750.

SBA PPP loan data, payroll data, and salaries for Legend Capital Group, Inc
AZ

Legend Capital Group, Inc

Entity: Corporation

Industry: Miscellaneous Intermediation

Location: Scottsdale, AZ

Search All PPP Data

Legend Capital Group, Inc is a corporation located at 7702 E Doubletree Ranch Rd Ste 300 in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $39,520.00 in May, 2020.

$ PPP Loan Information
Loan #5190207706

Loan Size:

$39,520

Jobs Retained:

3

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

Legend Capital Group, Inc in Scottsdale, AZ received a Paycheck Protection Loan of $39,520 through Bank of America, National Association, which was approved in May, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Legend Capital Group, Inc's 2019 payroll expenses are estimated to be at least $189,696.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $63,232 per employee1

Reported PPP Proceed Usage:

On the PPP application, Legend Capital Group, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $39,520

Business Information - Legend Capital Group, Inc in Scottsdale, AZ

Legend Capital Group, Inc
7702 E Doubletree Ranch Rd Ste 300
Scottsdale, AZ 85258

Business Industry:
Miscellaneous Intermediation
NAICS code 523910

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Maricopa County, AZ — SBA Office 0988 — Congressional District: AZ-06

Similar Companies near Scottsdale

In the Scottsdale area, 13 businesses in the "Miscellaneous Intermediation" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $42,590 (compared to this company's $39,520).

Industry PPP Comparison Statistics

Nationwide, 8,414 businesses in the "Miscellaneous Intermediation" industry received a total of $504.92M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 9 employees, 200% higher than Legend Capital Group, Inc's reported 3 employees, and received an average PPP loan of $60,010, 52% higher than this company's loan of $39,520.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/legend-capital-group-inc-scottsdale-az