PPP Loan Data — ML - Cedar Park, LLC, Cedar Park, TX
ML - Cedar Park, LLC
Entity: Limited Liability Company (LLC)
Location: Cedar Park, TXTweet This • Search All PPP Data
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
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
1500 Cottonwood Creek Trl
Cedar Park, TX 78613
Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Cottonwood Long Term Care, LLC
Cedar Park, TX
Bridgemoor Transitional Care, LLC
Cedar Park, TX
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.
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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