PPP Loan Data — Home Protection Pest Control, Inc, Mulberry, FL
Home Protection Pest Control, Inc is a subchapter s corporation located at 4462 Coachwood Lane in Mulberry, Florida that received a Coronavirus-related PPP loan from the SBA of $25,371.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Home Protection Pest Control, Inc in Mulberry, FL received a Paycheck Protection Loan of $25,371 through Centennial 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 March, 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, Home Protection Pest Control, Inc's 2019 payroll expenses are estimated to be at least $121,781.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,356 per employee1
Reported PPP Proceed Usage:
On the PPP application, Home Protection Pest Control, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,371
Business Information - Home Protection Pest Control, Inc in Mulberry, FL
4462 Coachwood Lane
Mulberry, FL 33860
Soil Preparation, Planting, and Cultivating
NAICS code 115112
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 4,557 businesses in the "Soil Preparation, Planting, and Cultivating" industry received a total of $269.26M 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, 40% higher than Home Protection Pest Control, Inc's reported 5 employees, and received an average PPP loan of $59,086, 133% higher than this company's loan of $25,371.
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Footnotes & Information
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