PPP Loan Data — Diversified Utility Services, LLC, Gainesville, GA
Diversified Utility Services, LLC
Entity: Limited Liability Company (LLC)
Location: Gainesville, GATweet This • Search All PPP Data
Diversified Utility Services, LLC is a limited liability company (LLC) located at 807 Dorsey Street in Gainesville, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,855,695.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Century Bank, National Association
Diversified Utility Services, LLC in Gainesville, GA received a Paycheck Protection Loan of $2.86M through First Century Bank, National Association, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.Read More
Understanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.Read More
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, Diversified Utility Services, LLC's 2019 payroll expenses are estimated to be at least $13.71M.
Based on their reported 225 jobs retained, this equals an estimated average yearly compensation of $60,921 per employee1
Reported PPP Proceed Usage:
On the PPP application, Diversified Utility Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,141,771
- Mortgage Interest: $356,962
- Rent: $356,962
Business Information - Diversified Utility Services, LLC in Gainesville, GA
807 Dorsey Street
Gainesville, GA 30501
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There are 9 other businesses that received a PPP loan registered to the same address as Diversified Utility Services, LLC.
Gulf County Construction & Remodel
Site Preparation Contractors
Beaverdam Baptist Church Inc
Your Conservation Connection
Environment, Conservation and Wildlife Organizations
JAN Paul Fruiterman MD. & Associates PC
Offices of Physicians, Mental Health Specialists
Rockbridge Advisors LLC
Innovative Financial Results, LLC
Other Accounting Services
Pro Auto Maintenance
General Automotive Repair
Authentic Transport LLC
Motor Vehicle Towing
Similar Companies near Gainesville
In the Gainesville area, 12 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 225) and received an average PPP loan of $670,326 (compared to this company's $2.86M).
Similar Nearby Businesses Who Received PPP Funding:
Optum Construction Group,LLC
Hartley Construction Company Inc
Carroll Daniel Construction
Carter Construction Services Inc
Tipton Management Co
MHH Rencon Services, LLC
Total Imaging Inc
Scroggs & Grizzel Contracting Inc
Industry PPP Comparison Statistics
Nationwide, 77,396 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.37B 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 12 employees, 95% lower than Diversified Utility Services, LLC's reported 225 employees, and received an average PPP loan of $159,889, 94% lower than this company's loan of $2.86M.
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.
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.
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