PPP Loan Data — Madera Residential, LLC, Lubbock, TX
Madera Residential, LLC is a limited liability company (LLC) located at 5214 68th St in Lubbock, Texas that received a Coronavirus-related PPP loan from the SBA of $4,478,400.00 in April, 2020.
$ PPP Loan Information
Lender:AMARILLO NATIONAL BANK
Madera Residential, LLC received a Paycheck Protection Loan of $4.48M through AMARILLO NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Madera Residential, LLC's total 2019 payroll expenses were approximately $21.5M in order to qualify for the PPP loan amount received.
Based on their reported 219 jobs retained, this equals an estimated average yearly compensation of $98,157 per employee1.
Business Information - Madera Residential, LLC in Lubbock, TX
5214 68th St
Lubbock, TX 79424
Residential Property Managers (NAICS code 531311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-19
Similar Companies near Lubbock
In the Lubbock area, 26 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 219) and received an average PPP loan of $204,408 (compared to this company's $4.48M).
Similar Nearby Businesses Who Received PPP Funding:
Cookie Meredith DBA Castle Property Management
Sentry Property Management Inc
Silver Creek Property Management, LLC
Egenbacher Real Estate II, LLC
Minnix Property Management Inc
Industry PPP Comparison Statistics
Nationwide, 20,591 businesses in the "Residential Property Managers" industry received a total of $2,358,014,158.00 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 10 employees, 95% lower than Madera Residential, LLC's reported 219 employees, and received an average PPP loan of $114,517, 97% lower than this company's loan of $4.48M.
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Footnotes & Information
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