PPP Loan Data — Imperial Landscaping Concepts, LLC, Pensacola, FL
Imperial Landscaping Concepts, LLC is a limited liability company (LLC) located at 2150 East 9 Mine Road in Pensacola, Florida that received a Coronavirus-related PPP loan from the SBA of $45,850.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Imperial Landscaping Concepts, LLC in Pensacola, FL received a Paycheck Protection Loan of $45,850 through Beach 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 May, 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, Imperial Landscaping Concepts, LLC's 2019 payroll expenses are estimated to be at least $220,080.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,453 per employee1
Reported PPP Proceed Usage:
On the PPP application, Imperial Landscaping Concepts, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,850
Business Information - Imperial Landscaping Concepts, LLC in Pensacola, FL
2150 East 9 Mine Road
Pensacola, FL 32514
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Pensacola
In the Pensacola area, 27 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 9) and received an average PPP loan of $60,292 (compared to this company's $45,850).
Similar Nearby Businesses Who Received PPP Funding:
Master Care Inc
Initial Lawn Service LLC
Safe Lawn, Inc
Emerald Coast Grass Co
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, 44% lower than Imperial Landscaping Concepts, LLC's reported 9 employees, and received an average PPP loan of $43,486, 5% lower than this company's loan of $45,850.
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Footnotes & Information
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