PPP Loan Data — LKY Development Company, Inc, Scottsdale, AZ
LKY Development Company, Inc is a corporation located at 5040 Shea Blvd in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $46,665.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:BMO Harris Bank National Association
LKY Development Company, Inc in Scottsdale, AZ received a Paycheck Protection Loan of $46,665 through BMO Harris Bank National Association, which was approved in April, 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 May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, LKY Development Company, Inc's 2019 payroll expenses are estimated to be at least $223,992.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,664 per employee1
Reported PPP Proceed Usage:
On the PPP application, LKY Development Company, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,665
Business Information - LKY Development Company, Inc in Scottsdale, AZ
5040 Shea Blvd
Scottsdale, AZ 85254
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Scottsdale
In the Scottsdale area, 348 businesses in the "Offices of Real Estate Agents and Brokers" 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 $38,977 (compared to this company's $46,665).
Similar Nearby Businesses Who Received PPP Funding:
Lorelei Carter PLLC
Christopher E Toci PLLC
Paradise Valley, AZ
Joseph Ford PLLC
Z Arekat PC
Paradise Valley, AZ
Industry PPP Comparison Statistics
Nationwide, 255,794 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.75B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 2 employees, 33% lower than LKY Development Company, Inc's reported 3 employees, and received an average PPP loan of $22,469, 52% lower than this company's loan of $46,665.
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Footnotes & Information
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