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PPP Loan Data — ML - Cedar Park, LLC, Cedar Park, TX

SBA PPP loan data, payroll data, and salaries for ML - Cedar Park, LLC
TX

ML - Cedar Park, LLC

Entity: Limited Liability Company (LLC)

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Cedar Park, TX

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ML - Cedar Park, LLC is a limited liability company (LLC) located at 1500 Cottonwood Creek Trl in Cedar Park, Texas that received a Coronavirus-related PPP loan from the SBA of $868,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$868,800

Jobs Retained:

105

Loan Approved:

2020-04-07

Lender:

COMMUNITY BANK OF LOUISIANA

ML - Cedar Park, LLC received a Paycheck Protection Loan of $868,800 through COMMUNITY BANK OF LOUISIANA, which was approved in April, 2020.

Based on standard PPP eligibility rules, ML - Cedar Park, LLC's total 2019 payroll expenses were approximately $4.17M in order to qualify for the PPP loan amount received.

Based on their reported 105 jobs retained, this equals an estimated average yearly compensation of $39,717 per employee1.

Business Information - ML - Cedar Park, LLC in Cedar Park, TX

ML - Cedar Park, LLC
1500 Cottonwood Creek Trl
Cedar Park, TX 78613

Business Industry

Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-31

Similar Companies near Cedar Park

In the Cedar Park area, 3 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 224 employees (compared to this company's 105) and received an average PPP loan of $1,831,387 (compared to this company's $868,800).

Industry PPP Comparison Statistics

Nationwide, 9,872 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $5,508,018,433.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 66 employees, 37% lower than ML - Cedar Park, LLC's reported 105 employees, and received an average PPP loan of $557,944, 36% lower than this company's loan of $868,800.

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. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/ml-cedar-park-llc-cedar-park-tx