PPP Loan Data — Ecorzone Green House Gas Reduction, LLC, Grasonville, MD
Ecorzone Green House Gas Reduction, LLC is a limited liability company (LLC) located at 307 Wilson Road in Grasonville, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Ecorzone Green House Gas Reduction, LLC in Grasonville, MD received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, 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, Ecorzone Green House Gas Reduction, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ecorzone Green House Gas Reduction, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $16,000
- Utilities: $800
- Rent: $5,600
- Health Care: $2,000
- Debt Interest: $600
Business Information - Ecorzone Green House Gas Reduction, LLC in Grasonville, MD
307 Wilson Road
Grasonville, MD 21638
NAICS code 111422
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,650 businesses in the "Floriculture Production" industry received a total of $189.51M 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 17 employees, 467% higher than Ecorzone Green House Gas Reduction, LLC's reported 3 employees, and received an average PPP loan of $114,855, 359% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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