PPP Loan Data — Greenix Holdings LLC, Orem, UT
Greenix Holdings LLC is a limited liability company (LLC) located at 1280 South 800 East Ste 200 in Orem, Utah that received a Coronavirus-related PPP loan from the SBA of $2,518,275.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Greenix Holdings LLC in Orem, UT received a Paycheck Protection Loan of $2.52M through JPMorgan Chase Bank, National Association, 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, Greenix Holdings LLC's 2019 payroll expenses are estimated to be at least $12.09M.
Based on their reported 365 jobs retained, this equals an estimated average yearly compensation of $33,117 per employee1
Reported PPP Proceed Usage:
On the PPP application, Greenix Holdings LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,413,275
- Utilities: $5,000
- Rent: $80,000
- Health Care: $20,000
Business Information - Greenix Holdings LLC in Orem, UT
1280 South 800 East Ste 200
Orem, UT 84097
Exterminating and Pest Control Services
NAICS code 561710
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Orem
In the Orem area, 7 businesses in the "Exterminating and Pest Control Services" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 365) and received an average PPP loan of $369,120 (compared to this company's $2.52M).
Similar Nearby Businesses Who Received PPP Funding:
All American Lawn & Pest Control
Precision Fire Protection Of Utah, LLC
Park City, UT
Joe's Pest Control LLC
360 Pest Control
Industry PPP Comparison Statistics
Nationwide, 11,446 businesses in the "Exterminating and Pest Control Services" industry received a total of $713.27M 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 8 employees, 98% lower than Greenix Holdings LLC's reported 365 employees, and received an average PPP loan of $62,316, 98% lower than this company's loan of $2.52M.
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Footnotes & Information
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