PPP Loan Data — Clegg's Termite & Pest Controll LLC, Durham, NC
Clegg's Termite & Pest Controll LLC is a limited liability company (LLC) located at 2401 Reichard St in Durham, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,213,700.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First-Citizens Bank & Trust Company
Clegg's Termite & Pest Controll LLC in Durham, NC received a Paycheck Protection Loan of $2.21M through First-Citizens Bank & Trust Company, which was approved in April, 2020.
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, Clegg's Termite & Pest Controll LLC's 2019 payroll expenses are estimated to be at least $10.63M.
Based on their reported 298 jobs retained, this equals an estimated average yearly compensation of $35,657 per employee1
Reported PPP Proceed Usage:
On the PPP application, Clegg's Termite & Pest Controll LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,213,700
Business Information - Clegg's Termite & Pest Controll LLC in Durham, NC
2401 Reichard St
Durham, NC 27705
Exterminating and Pest Control Services
NAICS code 561710
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Durham
In the Durham area, 2 businesses in the "Exterminating and Pest Control Services" industry received a PPP loan. These local businesses reported an average of 161 employees (compared to this company's 298) and received an average PPP loan of $1,247,650 (compared to this company's $2.21M).
Similar Nearby Businesses Who Received PPP Funding:
Kil-Mor Pest Management
Industry PPP Comparison Statistics
Nationwide, 11,446 businesses in the "Exterminating and Pest Control Services" industry received a total of $713.27M 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 8 employees, 97% lower than Clegg's Termite & Pest Controll LLC's reported 298 employees, and received an average PPP loan of $62,316, 97% lower than this company's loan of $2.21M.
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Footnotes & Information
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