PPP Loan Data — Don's Pool Service Inc, Gainesville, FL
Don's Pool Service Inc is a corporation located at 1618 Nw 35th Pl in Gainesville, Florida that received a Coronavirus-related PPP loan from the SBA of $25,099.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Don's Pool Service Inc in Gainesville, FL received a Paycheck Protection Loan of $25,099 through Bank of America, 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, Don's Pool Service Inc's 2019 payroll expenses are estimated to be at least $120,475.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,079 per employee1
Reported PPP Proceed Usage:
On the PPP application, Don's Pool Service Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,099
Business Information - Don's Pool Service Inc in Gainesville, FL
1618 Nw 35th Pl
Gainesville, FL 32605
Other Services to Buildings and Dwellings
NAICS code 561790
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Gainesville
In the Gainesville area, 6 businesses in the "Other Services to Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 6) and received an average PPP loan of $13,257 (compared to this company's $25,099).
Similar Nearby Businesses Who Received PPP Funding:
Tidy Reliance Cleaning Services Corp
D R Management Enterprises Inc
Alpha & Omega Cleaning Solutions, LLC
Industry PPP Comparison Statistics
Nationwide, 25,135 businesses in the "Other Services to Buildings and Dwellings" industry received a total of $1.14B 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 7 employees, 17% higher than Don's Pool Service Inc's reported 6 employees, and received an average PPP loan of $45,205, 80% higher than this company's loan of $25,099.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!