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PPP Loan Data — Luxury Ventures, Inc, Mooresville, NC

SBA PPP loan data, payroll data, and salaries for Luxury Ventures, Inc
NC

Luxury Ventures, Inc

Entity: Subchapter S Corporation

Industry: Offices of Real Estate Agents and Brokers

Location: Mooresville, NC

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Luxury Ventures, Inc is a subchapter s corporation located in Mooresville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $4,124.00 in June, 2020.

$ PPP Loan Information
Loan #5237177904

Loan Size:

$4,124

Jobs Retained:

1

Loan Approved:

2020-06-15

Loan Status:

Ongoing Loan

Lender:

Cross River Bank

Luxury Ventures, Inc in Mooresville, NC received a Paycheck Protection Loan of $4,124 through Cross River Bank, which was approved in June, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Luxury Ventures, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $4,124

Business Information - Luxury Ventures, Inc in Mooresville, NC

Luxury Ventures, Inc
Mooresville, NC
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Offices of Real Estate Agents and Brokers
NAICS code 531210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Iredell County, NC — SBA Office 0460 — Congressional District: NC-10

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as Luxury Ventures, Inc.

Kevin Grossbeck
Other Computer Related Services

$10,590 PPP Loan

Five Loaves Inc
Theater Companies and Dinner Theaters

$17,365 PPP Loan

Similar Companies near Mooresville

In the Mooresville area, 96 businesses in the "Offices of Real Estate Agents and Brokers" 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 $19,321 (compared to this company's $4,124).

Industry PPP Comparison Statistics

Nationwide, 251,917 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.68B 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, 100% higher than Luxury Ventures, Inc's reported 1 employees, and received an average PPP loan of $22,541, 447% higher than this company's loan of $4,124.

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.

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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/luxury-ventures-inc-mooresville-nc