PPP Loan Data — Hansen's Artistic Landscaping Inc, Rapid City, IL
Hansen's Artistic Landscaping Inc is a subchapter s corporation located at 510 17th St in Rapid City, Illinois that received a Coronavirus-related PPP loan from the SBA of $24,824.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Hansen's Artistic Landscaping Inc in Rapid City, IL received a Paycheck Protection Loan of $24,824 through Vibrant CU, which was approved 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, Hansen's Artistic Landscaping Inc's 2019 payroll expenses are estimated to be at least $119,155.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,789 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hansen's Artistic Landscaping Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,824
Business Information - Hansen's Artistic Landscaping Inc in Rapid City, IL
510 17th St
Rapid City, IL 61278
Other Services to Buildings and Dwellings
NAICS code 561790
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Rapid City
In the Rapid City area, 3 businesses in the "Other Services to Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $11,612 (compared to this company's $24,824).
Similar Nearby Businesses Who Received PPP Funding:
TC Mobile Pressure Wash, LLC
Industry PPP Comparison Statistics
Nationwide, 25,135 businesses in the "Other Services to Buildings and Dwellings" industry received a total of $1.14B 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 7 employees, 75% higher than Hansen's Artistic Landscaping Inc's reported 4 employees, and received an average PPP loan of $45,205, 82% higher than this company's loan of $24,824.
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Footnotes & Information
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