PPP Loan Data — Ncdg Management LLC, Lakewood Ranch, FL
Ncdg Management LLC is a limited liability company (LLC) located at 5800 Lakewood Ranch Blvd in Lakewood Ranch, Florida that received a Coronavirus-related PPP loan from the SBA of $4,120,400.00 in April, 2020.
$ PPP Loan Information
Lender:HANCOCK WHITNEY BANK
Ncdg Management LLC in Lakewood Ranch, FL received a Paycheck Protection Loan of $4.12M through HANCOCK WHITNEY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ncdg Management LLC's total 2019 payroll expenses were approximately $19.78M in order to qualify for the PPP loan amount received.
Based on their reported 227 jobs retained, this equals an estimated average yearly compensation of $87,127 per employee1.
Business Information - Ncdg Management LLC in Lakewood Ranch, FL
5800 Lakewood Ranch Blvd
Lakewood Ranch, FL 34240
New Housing For-Sale Builders (NAICS code 236117)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-16
Similar Companies near Lakewood Ranch
In the Lakewood Ranch area, 3 businesses in the "New Housing For-Sale Builders" industry received a PPP loan. These local businesses reported an average of 94 employees (compared to this company's 227) and received an average PPP loan of $1,651,891 (compared to this company's $4.12M).
Similar Nearby Businesses Who Received PPP Funding:
John Cannon Homes.
Lakewood Ranch, FL
Industry PPP Comparison Statistics
Nationwide, 7,736 businesses in the "New Housing For-Sale Builders" industry received a total of $770,266,772.00 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 7 employees, 97% lower than Ncdg Management LLC's reported 227 employees, and received an average PPP loan of $99,569, 98% lower than this company's loan of $4.12M.
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, and is published unmodified, as provided by the SBA.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!