PPP Loan Data — Kappen Tree Service, LLC, Cass City, MI
Kappen Tree Service, LLC is a limited liability company (LLC) located at 2675 Hurds Corner Road in Cass City, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,988,470.00 in April, 2020.
$ PPP Loan Information
Lender:TCF NATIONAL BANK
Kappen Tree Service, LLC received a Paycheck Protection Loan of $3.99M through TCF NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Kappen Tree Service, LLC's total 2019 payroll expenses were approximately $19.14M in order to qualify for the PPP loan amount received.
Based on their reported 349 jobs retained, this equals an estimated average yearly compensation of $54,856 per employee1.
Business Information - Kappen Tree Service, LLC in Cass City, MI
2675 Hurds Corner Road
Cass City, MI 48726
Landscaping Services (NAICS code 561730)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-10
Similar Companies near Cass City
In the Cass City area, 4 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 89 employees (compared to this company's 349) and received an average PPP loan of $1,006,361 (compared to this company's $3.99M).
Similar Nearby Businesses Who Received PPP Funding:
CLS Release Management LLC
Cass City, MI
Shoreline Lawn Service, LLC
Exxtreme Services LLC
Cass City, MI
Industry PPP Comparison Statistics
Nationwide, 46,451 businesses in the "Landscaping Services" industry received a total of $3,497,785,424.00 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 9 employees, 97% lower than Kappen Tree Service, LLC's reported 349 employees, and received an average PPP loan of $75,301, 98% lower than this company's loan of $3.99M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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