PPP Loan Data — Fairways Landscape And Construction LLC, Peabody, MA
Fairways Landscape And Construction LLC is a limited liability company (LLC) located in Peabody, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $24,890.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:River Works CU
Fairways Landscape And Construction LLC in Peabody, MA received a Paycheck Protection Loan of $24,890 through River Works CU, which was approved in May, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Fairways Landscape And Construction LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,890
Business Information - Fairways Landscape And Construction LLC in Peabody, MA
* Full address is redacted to protect the privacy of individuals.
NAICS code 561730
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Peabody
In the Peabody area, 31 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 1) and received an average PPP loan of $54,073 (compared to this company's $24,890).
Similar Nearby Businesses Who Received PPP Funding:
Lobel Tree Service, Inc
Tonnys Construction & Landscaping Inc
4-Seasons Property Services LLC
Custom Cutting Landscape Services, Inc
Down East Landscape, LLC
SPS Enterprise Group Incorporated
Jose A Neves
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, 400% higher than Fairways Landscape And Construction LLC's reported 1 employees, and received an average PPP loan of $43,486, 75% higher than this company's loan of $24,890.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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