PPP Loan Data — Green Trims Quality Landscaping LLC, Jonesboro, GA
Green Trims Quality Landscaping LLC is a limited liability company (LLC) located at 1478 Carriage Ln in Jonesboro, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Green Trims Quality Landscaping LLC in Jonesboro, GA received a Paycheck Protection Loan of $25,000 through Wells Fargo Bank, National Association, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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 Trims Quality Landscaping LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Green Trims Quality Landscaping LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Green Trims Quality Landscaping LLC in Jonesboro, GA
1478 Carriage Ln
Jonesboro, GA 30238
Landscape Architectural Services
NAICS code 541320
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Jonesboro
In the Jonesboro area, 18 businesses in the "Landscape Architectural Services" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 5) and received an average PPP loan of $17,425 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 19,939 businesses in the "Landscape Architectural Services" industry received a total of $1.34B 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 9 employees, 80% higher than Green Trims Quality Landscaping LLC's reported 5 employees, and received an average PPP loan of $67,388, 170% higher than this company's loan of $25,000.
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Footnotes & Information
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