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PPP Loan Data — Curt Swigert Landscaping, Blue Mound, IL

SBA PPP loan data, payroll data, and salaries for Curt Swigert Landscaping
IL

Curt Swigert Landscaping

Entity: Sole Proprietorship

Industry: Landscape Architectural Services

Location: Blue Mound, IL

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Curt Swigert Landscaping is a sole proprietorship located in Blue Mound, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #2505567101

Loan Size:

$25,300

Jobs Retained:

1

Loan Approved:

2020-04-10

Loan Status:

Paid in Full or Forgiven

Lender:

First National Bank of Pana
Likely Employment Reduction3

Curt Swigert Landscaping in Blue Mound, IL received a Paycheck Protection Loan of $25,300 through First National Bank of Pana, 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 February, 2021.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Curt Swigert Landscaping reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,300

Business Information - Curt Swigert Landscaping in Blue Mound, IL

Curt Swigert Landscaping
Blue Mound, IL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Landscape Architectural Services
NAICS code 541320

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Macon County, IL — SBA Office 0507 — Congressional District: IL-13

Industry PPP Comparison Statistics

Nationwide, 19,939 businesses in the "Landscape Architectural Services" industry received a total of $1.34B 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 9 employees, 800% higher than Curt Swigert Landscaping's reported 1 employees, and received an average PPP loan of $67,388, 166% higher than this company's loan of $25,300.

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.

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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.

3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.


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Source: www.federalpay.org/paycheck-protection-program/curt-swigert-landscaping-blue-mound-il