PPP Loan Data — Complete Grounds Maintenance LLC, Pensacola, FL
Complete Grounds Maintenance LLC is a limited liability company (LLC) located at 2172 West 9 Mile Road #117 in Pensacola, Florida that received a Coronavirus-related PPP loan from the SBA of $46,081.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Complete Grounds Maintenance LLC in Pensacola, FL received a Paycheck Protection Loan of $46,081 through Wells Fargo Bank, National Association, which was approved in May, 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 April, 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, Complete Grounds Maintenance LLC's 2019 payroll expenses are estimated to be at least $221,189.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,119 per employee1
Reported PPP Proceed Usage:
On the PPP application, Complete Grounds Maintenance LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,081
Business Information - Complete Grounds Maintenance LLC in Pensacola, FL
2172 West 9 Mile Road #117
Pensacola, FL 32534
Appliance Repair and Maintenance
NAICS code 811412
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Pensacola
In the Pensacola area, 2 businesses in the "Appliance Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 10) and received an average PPP loan of $30,883 (compared to this company's $46,081).
Similar Nearby Businesses Who Received PPP Funding:
Master Tech Commercial Appliance Services LLC
Industry PPP Comparison Statistics
Nationwide, 9,602 businesses in the "Appliance Repair and Maintenance" industry received a total of $368.97M 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, 50% lower than Complete Grounds Maintenance LLC's reported 10 employees, and received an average PPP loan of $38,427, 17% lower than this company's loan of $46,081.
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Footnotes & Information
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