PPP Loan Data — KOM Tree & Landscape, Walpole, MA
KOM Tree & Landscape is a sole proprietorship located at 6 Joal Ave in Walpole, Massachusetts 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 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:Norwood Co-Operative Bank
KOM Tree & Landscape in Walpole, MA received a Paycheck Protection Loan of $25,000 through Norwood Co-Operative 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, KOM Tree & Landscape'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, KOM Tree & Landscape reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - KOM Tree & Landscape in Walpole, MA
6 Joal Ave
Walpole, MA 2081
Landscape Architectural Services
NAICS code 541320
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Walpole
In the Walpole area, 2 businesses in the "Landscape Architectural Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $17,697 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
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 KOM Tree & Landscape'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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