PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Viva Life LLC, Charlotte, NC

ALERT: There are 2 PPP loans for a total of $4.79M in our database for businesses with the name "Viva Life LLC" in Charlotte, NC. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Viva Life LLC
NC

Viva Life LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of All Other Miscellaneous Health Practitioners

Location: Charlotte, NC

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Viva Life LLC is a limited liability company (LLC) located at 1300 Baxter St Ste 170 in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in May, 2021.

$ PPP Loan Information
Loan #9355859005

Loan Size:

$2M

Jobs Retained:

279

Loan Approved:

2021-05-29

Loan Status:

Ongoing Loan

Lender:

People Trust

Viva Life LLC in Charlotte, NC received a Paycheck Protection Loan of $2M through People Trust, which was approved in May, 2021.

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.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Viva Life LLC's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 279 jobs retained, this equals an estimated average yearly compensation of $34,409 per employee1

Reported PPP Proceed Usage:

On the PPP application, Viva Life LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,994
  • Utilities: $1
Because the loan received by Viva Life LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Viva Life LLC in Charlotte, NC

Viva Life LLC
1300 Baxter St Ste 170
Charlotte, NC 28204

Business Industry:
Offices of All Other Miscellaneous Health Practitioners
NAICS code 621399

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Mecklenburg County, NC — SBA Office 0460 — Congressional District: NC-12

Similar Companies near Charlotte

In the Charlotte area, 39 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 279) and received an average PPP loan of $69,752 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 63,161 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $2.46B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 5 employees, 98% lower than Viva Life LLC's reported 279 employees, and received an average PPP loan of $38,880, 98% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Viva Life, LLC
NC

Viva Life, LLC

Entity: Limited Liability Company (LLC)

Industry: Other Personal Care Services

Location: Charlotte, NC

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Viva Life, LLC is a limited liability company (LLC) located at 5960 Fairview Rd, Ste 500 in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,792,969.00 in May, 2020.

$ PPP Loan Information
Loan #8430187303

Loan Size:

$2.79M

Jobs Retained:

279

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

Town Center Bank

Viva Life, LLC in Charlotte, NC received a Paycheck Protection Loan of $2.79M through Town Center Bank, which was approved in May, 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.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Viva Life, LLC's 2019 payroll expenses are estimated to be at least $13.41M.

Based on their reported 279 jobs retained, this equals an estimated average yearly compensation of $48,051 per employee1

Reported PPP Proceed Usage:

On the PPP application, Viva Life, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,792,969
Because the loan received by Viva Life, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Viva Life, LLC in Charlotte, NC

Viva Life, LLC
5960 Fairview Rd, Ste 500
Charlotte, NC 28210

Business Industry:
Other Personal Care Services
NAICS code 812199

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Mecklenburg County, NC — SBA Office 0460 — Congressional District: NC-09

Similar Companies near Charlotte

In the Charlotte area, 16 businesses in the "Other Personal Care Services" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 279) and received an average PPP loan of $222,004 (compared to this company's $2.79M).

Industry PPP Comparison Statistics

Nationwide, 72,502 businesses in the "Other Personal Care Services" industry received a total of $1.71B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 4 employees, 99% lower than Viva Life, LLC's reported 279 employees, and received an average PPP loan of $23,647, 99% lower than this company's loan of $2.79M.

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. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/viva-life-llc-charlotte-nc