PPP Loan Data — Hagger's Landscaping Services, LLC, Westfield, MA
Hagger's Landscaping Services, LLC is a limited liability company (LLC) located at 66 Broad St in Westfield, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Hagger's Landscaping Services, LLC in Westfield, MA received a Paycheck Protection Loan of $25,200 through Westfield 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 May, 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, Hagger's Landscaping Services, LLC's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hagger's Landscaping Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Hagger's Landscaping Services, LLC in Westfield, MA
66 Broad St
Westfield, MA 1085
NAICS code 561730
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Westfield
In the Westfield area, 15 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 4) and received an average PPP loan of $98,064 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Wyben Construction Inc
Tim Howard Landscaping
Lent's Enterprises Inc
Zuber Landscaping, LLC
Proudly Landscaping, Inc
Collier Fence Co., Inc
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, 25% higher than Hagger's Landscaping Services, LLC's reported 4 employees, and received an average PPP loan of $43,486, 73% higher than this company's loan of $25,200.
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Footnotes & Information
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