PPP Loan Data — Green Touch Grounds & Landscaping Inc, Lincoln, NE
Green Touch Grounds & Landscaping Inc is a corporation located at 6222 Eureka Dr in Lincoln, Nebraska that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Green Touch Grounds & Landscaping Inc in Lincoln, NE received a Paycheck Protection Loan of $25,400 through Cornhusker 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 January, 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, Green Touch Grounds & Landscaping Inc's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,320 per employee1
Reported PPP Proceed Usage:
On the PPP application, Green Touch Grounds & Landscaping Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Green Touch Grounds & Landscaping Inc in Lincoln, NE
6222 Eureka Dr
Lincoln, NE 68516
NAICS code 561730
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lincoln
In the Lincoln area, 22 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 6) and received an average PPP loan of $23,372 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Chad M Seier
Duncan Enterprises, Inc
KD Outdoors Inc
Advantage Landscapes, LLC
1776 Grounds Maintenance, LLC
Darrell Mark Brown
Morning Star Lawn Care And Grading
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, 17% lower than Green Touch Grounds & Landscaping Inc's reported 6 employees, and received an average PPP loan of $43,486, 71% higher than this company's loan of $25,400.
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Footnotes & Information
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