PPP Loan Data — Home Turf Landscaping, LLC, Benton, AR
Home Turf Landscaping, LLC is a limited liability company (LLC) located at 1203 Troy Drive in Benton, Arkansas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Service Bank
Home Turf Landscaping, LLC in Benton, AR received a Paycheck Protection Loan of $25,000 through First Service 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 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, Home Turf Landscaping, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Home Turf Landscaping, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Home Turf Landscaping, LLC in Benton, AR
1203 Troy Drive
Benton, AR 72015
Landscape Architectural Services
NAICS code 541320
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Benton
In the Benton area, 3 businesses in the "Landscape Architectural Services" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 2) and received an average PPP loan of $18,154 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Michael R Smith
Industry PPP Comparison Statistics
Nationwide, 19,939 businesses in the "Landscape Architectural Services" industry received a total of $1.34B 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 9 employees, 350% higher than Home Turf Landscaping, LLC's reported 2 employees, and received an average PPP loan of $67,388, 170% higher than this company's loan of $25,000.
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Footnotes & Information
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