PPP Loan Data — Jason Black Landscaping LLC, Shakopee, MN
Jason Black Landscaping LLC is a limited liability company (LLC) located at 14455 Tyrol Dr in Shakopee, Minnesota that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Jason Black Landscaping LLC in Shakopee, MN received a Paycheck Protection Loan of $25,000 through Wells Fargo Bank, National Association, 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, Jason Black Landscaping LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jason Black Landscaping LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Jason Black Landscaping LLC in Shakopee, MN
14455 Tyrol Dr
Shakopee, MN 55379
NAICS code 561730
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Shakopee
In the Shakopee area, 32 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 5) and received an average PPP loan of $92,723 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Remick Landscaping DBA Greenside Inc
Urban Design Company, Inc
Suburban Outdoor Services Inc
Outdoor Environments Inc
Pro-Tree Outdoor Services L. L. C
North Star Outdoor Services LLC
Fredrickson Lawn And Landscape Company
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 Jason Black Landscaping LLC and received an average PPP loan of $43,486, 74% higher than this company's loan of $25,000.
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Footnotes & Information
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