PPP Loan Data — Kreke's Tree Service Corp, Mason, IL
Kreke's Tree Service Corp is a subchapter s corporation located at 3120 N. 1300th Street in Mason, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,246.00 in April, 2020.
The company has reported itself as a White 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
Kreke's Tree Service Corp in Mason, IL received a Paycheck Protection Loan of $25,246 through Dieterich 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 December, 2020.
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, Kreke's Tree Service Corp's 2019 payroll expenses are estimated to be at least $121,181.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,236 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kreke's Tree Service Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,246
Business Information - Kreke's Tree Service Corp in Mason, IL
3120 N. 1300th Street
Mason, IL 62443
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: Rural
Similar Companies near Mason
In the Mason area, 5 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 5) and received an average PPP loan of $32,116 (compared to this company's $25,246).
Similar Nearby Businesses Who Received PPP Funding:
Jean A England
2W Tree Service
Lilly Timber Services Inc
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 Kreke's Tree Service Corp and received an average PPP loan of $43,486, 72% higher than this company's loan of $25,246.
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Footnotes & Information
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