PPP Loan Data — Fishwater Grass LLC, Wilmington, NC
Fishwater Grass LLC is a partnership located at 1519 N 23 St Ste 306 in Wilmington, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Fidelity Bank
Fishwater Grass LLC in Wilmington, NC received a Paycheck Protection Loan of $25,000 through The Fidelity Bank, 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 March, 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, Fishwater Grass LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $10,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Fishwater Grass LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Fishwater Grass LLC in Wilmington, NC
1519 N 23 St Ste 306
Wilmington, NC 28405
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Wilmington
In the Wilmington area, 22 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 12) and received an average PPP loan of $59,143 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Robert D Stanley Landscaping
Edge Landscaping Incorporated
Turfscapes Complete Turf Care Inc
Draquon A Nixon
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, 58% lower than Fishwater Grass LLC's reported 12 employees, and received an average PPP loan of $43,486, 74% higher than this company's loan of $25,000.
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Footnotes & Information
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