PPP Loan Data — Everett Hollingsworth, Sanford, NC
Everett Hollingsworth is a sole proprietorship located at 107 W Main St in Sanford, North Carolina that received a Coronavirus-related PPP loan from the SBA of $46,602.00 in June, 2020. This business is a ServiceMaster franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Loan Source Incorporated
Everett Hollingsworth in Sanford, NC received a Paycheck Protection Loan of $46,602 through Loan Source Incorporated, which was approved in June, 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, Everett Hollingsworth's 2019 payroll expenses are estimated to be at least $223,690.
Based on their reported 24 jobs retained, this equals an estimated average yearly compensation of $9,320 per employee1
Reported PPP Proceed Usage:
On the PPP application, Everett Hollingsworth reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,602
Business Information - Everett Hollingsworth in Sanford, NC
107 W Main St
Sanford, NC 27332
NAICS code 562910
Business Owner Demographics
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 4,186 businesses in the "Remediation Services" industry received a total of $878.16M 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 18 employees, 25% lower than Everett Hollingsworth's reported 24 employees, and received an average PPP loan of $209,785, 350% higher than this company's loan of $46,602.
FederalPay's PPP Information Policy
Footnotes & Information
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