PPP Loan Data — Ecobrite Services, LLC, Orem, UT
Ecobrite Services, LLC is a limited liability company (LLC) located at 425 E 1600 N Ste 9 in Orem, Utah that received a Coronavirus-related PPP loan from the SBA of $2,164,402.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 492 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Ecobrite Services, LLC in Orem, UT received a Paycheck Protection Loan of $2.16M through Bank of America, National Association, which was approved in April, 2020.
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, Ecobrite Services, LLC's 2019 payroll expenses are estimated to be at least $10.39M.
Based on their reported 492 jobs retained, this equals an estimated average yearly compensation of $21,116 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ecobrite Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,164,402
Business Information - Ecobrite Services, LLC in Orem, UT
425 E 1600 N Ste 9
Orem, UT 84058
NAICS code 561720
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Orem
In the Orem area, 28 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 492) and received an average PPP loan of $103,759 (compared to this company's $2.16M).
Similar Nearby Businesses Who Received PPP Funding:
Sage Cleaner LLC
Helenita F Taylor DBA Advanced Houseclea
MJM Cleaning Services LLC
Absolute Janitorial Services LLC
Cleantex Commercial Cleaning
MM Provo LLC
Industry PPP Comparison Statistics
Nationwide, 146,067 businesses in the "Janitorial Services" industry received a total of $4.43B 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, 99% lower than Ecobrite Services, LLC's reported 492 employees, and received an average PPP loan of $30,311, 99% lower than this company's loan of $2.16M.
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Footnotes & Information
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