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PPP Loan Data — Viva Life, LLC,
Charlotte, 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 Size:
Jobs Retained:
279Loan Approved:
2020-05-01Lender:
TOWN CENTER BANKViva Life, LLC in Charlotte, NC received a Paycheck Protection Loan of $2.79M through TOWN CENTER BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Viva Life, LLC's total 2019 payroll expenses were approximately $13.41M in order to qualify for the PPP loan amount received.
Based on their reported 279 jobs retained, this equals an estimated average yearly compensation of $48,051 per employee1.
Business Information - Viva Life, LLC in Charlotte, NC
5960 Fairview Rd, Ste 500
Charlotte, NC 28210
Business Industry
Other Personal Care Services (NAICS code 812199)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NC-09Similar Companies near Charlotte
In the Charlotte area, 8 businesses in the "Other Personal Care Services" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 279) and received an average PPP loan of $420,693 (compared to this company's $2.79M).
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Industry PPP Comparison Statistics
Nationwide, 21,722 businesses in the "Other Personal Care Services" industry received a total of $660,692,807.00 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 5 employees, 98% lower than Viva Life, LLC's reported 279 employees, and received an average PPP loan of $30,416, 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, 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.
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