PPP Loan Data — Finley's Lawn Care, Fredonia, KS
Finley's Lawn Care is a self-employed individual located at 503 N 6th St in Fredonia, Kansas that received a Coronavirus-related PPP loan from the SBA of $25,486.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First National Bank in Fredonia
Finley's Lawn Care in Fredonia, KS received a Paycheck Protection Loan of $25,486 through First National Bank in Fredonia, which was approved in April, 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, Finley's Lawn Care's 2019 payroll expenses are estimated to be at least $122,333.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,292 per employee1
Reported PPP Proceed Usage:
On the PPP application, Finley's Lawn Care reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,486
Business Information - Finley's Lawn Care in Fredonia, KS
503 N 6th St
Fredonia, KS 66736
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Fredonia
In the Fredonia area, 3 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 8) and received an average PPP loan of $17,074 (compared to this company's $25,486).
Similar Nearby Businesses Who Received PPP Funding:
CUT Above Lawncare
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, 38% lower than Finley's Lawn Care's reported 8 employees, and received an average PPP loan of $43,486, 71% higher than this company's loan of $25,486.
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Footnotes & Information
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