PPP Loan Data — HDM Ladscaping & Construction, Dover, NJ
HDM Ladscaping & Construction is a limited liability company (LLC) located at 369 Washington Ave Apt B17 in Dover, New Jersey that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
HDM Ladscaping & Construction in Dover, NJ received a Paycheck Protection Loan of $25,500 through WebBank, which was approved in May, 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, HDM Ladscaping & Construction's 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,800 per employee1
Reported PPP Proceed Usage:
On the PPP application, HDM Ladscaping & Construction reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,500
Business Information - HDM Ladscaping & Construction in Dover, NJ
369 Washington Ave Apt B17
Dover, NJ 7801
General Freight Trucking, Local
NAICS code 484110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Dover
In the Dover area, 37 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $20,419 (compared to this company's $25,500).
Similar Nearby Businesses Who Received PPP Funding:
Red Logistics Group LLC
H & M Trucking LLC
D1 Trucking Limited Liability Company
The Heavy Trucking LLC
Franco's Trucking Limited Liability Company
IM Charlie King LLC
Davmar Trucking LLC
Industry PPP Comparison Statistics
Nationwide, 175,867 businesses in the "General Freight Trucking, Local" industry received a total of $6.6B 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 4 employees, 33% higher than HDM Ladscaping & Construction's reported 3 employees, and received an average PPP loan of $37,520, 47% higher than this company's loan of $25,500.
FederalPay's PPP Information Policy
Footnotes & Information
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