PPP Loan Data — Happy Rock Landscape Maintenance LLC, Gladstone, OR
Happy Rock Landscape Maintenance LLC is a limited liability company (LLC) located at 115 W Gloucester St in Gladstone, Oregon that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Happy Rock Landscape Maintenance LLC in Gladstone, OR received a Paycheck Protection Loan of $25,000 through Bank of America, National Association, which was approved in May, 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 April, 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, Happy Rock Landscape Maintenance 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, Happy Rock Landscape Maintenance LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Happy Rock Landscape Maintenance LLC in Gladstone, OR
115 W Gloucester St
Gladstone, OR 97027
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Gladstone
In the Gladstone area, 7 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 5) and received an average PPP loan of $50,212 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Barts Landscape & Maintenance Service In
DL Bravo Landscape Maintenance LLC
Oregon Lsc LLC
Valley Green Inc
J Eliceo Montes Suarez
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, the same amount reported by Happy Rock Landscape Maintenance LLC and received an average PPP loan of $43,486, 74% higher than this company's loan of $25,000.
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Footnotes & Information
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