PPP Loan Data — Hawkes Landscaping Inc, Ontario, NY
Hawkes Landscaping Inc is a subchapter s corporation located at 2589 Putnam Road in Ontario, New York that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Manufacturers and Traders Trust Company
Hawkes Landscaping Inc in Ontario, NY received a Paycheck Protection Loan of $24,900 through Manufacturers and Traders Trust Company, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Hawkes Landscaping Inc's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,904 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hawkes Landscaping Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Hawkes Landscaping Inc in Ontario, NY
2589 Putnam Road
Ontario, NY 14519
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Ontario
In the Ontario area, 8 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 5) and received an average PPP loan of $26,355 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Steve's Cutting Edge Lawn Care Inc
Preston's Tree & Landscpe, Inc
Matthews Enterprising LLC
Apple Valley Grounds Management LLC
Don & Jon Lawn And Tree Service LLC
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 Hawkes Landscaping Inc and received an average PPP loan of $43,486, 75% higher than this company's loan of $24,900.
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Footnotes & Information
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