PPP Loan Data — Classens's Tree Service, Campton, NH
Classens's Tree Service is a sole proprietorship located at 191 Owl Street in Campton, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $46,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Meredith Village Savings Bank
Classens's Tree Service in Campton, NH received a Paycheck Protection Loan of $46,000 through Meredith Village Savings Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Classens's Tree Service's 2019 payroll expenses are estimated to be at least $220,800.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, Classens's Tree Service reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,000
Business Information - Classens's Tree Service in Campton, NH
191 Owl Street
Campton, NH 3223
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Campton
In the Campton area, 8 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $16,781 (compared to this company's $46,000).
Similar Nearby Businesses Who Received PPP Funding:
Cardigan Valley Farms, LLC
All Points Property Maintenance LLC
Dejohn Landscaping, LLC
Industry PPP Comparison Statistics
Nationwide, 138,585 businesses in the "Landscaping Services" industry received a total of $6.03B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 25% higher than Classens's Tree Service's reported 4 employees, and received an average PPP loan of $43,486, 5% lower than this company's loan of $46,000.
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Footnotes & Information
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