PPP Loan Data — Gunnison Tree Specialists Inc, Atlanta, GA
Gunnison Tree Specialists Inc is a corporation located at 4960 Plant Atkinson Road in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,388,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 247 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:South State Bank, National Association
Gunnison Tree Specialists Inc in Atlanta, GA received a Paycheck Protection Loan of $2.39M through South State Bank, National Association, which was approved in April, 2020.
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, Gunnison Tree Specialists Inc's 2019 payroll expenses are estimated to be at least $11.46M.
Based on their reported 247 jobs retained, this equals an estimated average yearly compensation of $46,406 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gunnison Tree Specialists Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,388,000
Business Information - Gunnison Tree Specialists Inc in Atlanta, GA
4960 Plant Atkinson Road
Atlanta, GA 30339
NAICS code 561730
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 20 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 247) and received an average PPP loan of $193,166 (compared to this company's $2.39M).
Similar Nearby Businesses Who Received PPP Funding:
Maxham Farms Landscape & Lawn Care Inc
North Atlanta Lawn Maintenance
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, 98% lower than Gunnison Tree Specialists Inc's reported 247 employees, and received an average PPP loan of $43,486, 98% lower than this company's loan of $2.39M.
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Footnotes & Information
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