PPP Loan Data — George's Sanitation, Inc, Watertown, SD
George's Sanitation, Inc is a subchapter s corporation located at 3367 12th Ave Nw in Watertown, South Dakota that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
George's Sanitation, Inc in Watertown, SD received a Paycheck Protection Loan of $25,000 through Dacotah Bank, which was approved in June, 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, George's Sanitation, Inc'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, George's Sanitation, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $17,500
- Utilities: $7,500
Business Information - George's Sanitation, Inc in Watertown, SD
3367 12th Ave Nw
Watertown, SD 57201
Other Waste Collection
NAICS code 562119
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,636 businesses in the "Other Waste Collection" industry received a total of $254.12M 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 10 employees, 233% higher than George's Sanitation, Inc's reported 3 employees, and received an average PPP loan of $96,403, 286% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!