PPP Loan Data — DP Services, Incorporated, Mechanicsburg, PA
DP Services, Incorporated is a subchapter s corporation located at 59 Honeysuckle Dr in Mechanicsburg, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,390.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Members 1st FCU
DP Services, Incorporated in Mechanicsburg, PA received a Paycheck Protection Loan of $25,390 through Members 1st FCU, 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
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, DP Services, Incorporated's 2019 payroll expenses are estimated to be at least $121,872.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,936 per employee1
Reported PPP Proceed Usage:
On the PPP application, DP Services, Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,390
Business Information - DP Services, Incorporated in Mechanicsburg, PA
59 Honeysuckle Dr
Mechanicsburg, PA 17050
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mechanicsburg
In the Mechanicsburg area, 5 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 2) and received an average PPP loan of $23,544 (compared to this company's $25,390).
Similar Nearby Businesses Who Received PPP Funding:
Unique Touch Landscapes
Unique Touch Landscape
Stanford Scapes Inc
Outdoor Expressions PA, LLC
Industry PPP Comparison Statistics
Nationwide, 138,585 businesses in the "Landscaping Services" industry received a total of $6.03B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 150% higher than DP Services, Incorporated's reported 2 employees, and received an average PPP loan of $43,486, 71% higher than this company's loan of $25,390.
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Footnotes & Information
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