PPP Loan Data — Landscape Structures Inc, Delano, MN

Landscape Structures Inc

Entity: Corporation

Industry: Landscaping Services

Location: Delano, MN

Landscape Structures Inc is a corporation located at 601 7th Street South in Delano, Minnesota that received a Coronavirus-related PPP loan from the SBA of $8,985,100.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1045777109

Loan Size:

$8.99M

Jobs Retained:

500

Loan Approved:

2020-04-09

Loan Status:

Paid in Full or Forgiven

Lender:

Bremer Bank, National Association

Landscape Structures Inc in Delano, MN received a Paycheck Protection Loan of $8.99M through Bremer 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 June, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

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, Landscape Structures Inc's 2019 payroll expenses are estimated to be at least $43.13M.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $86,257 per employee¹

Reported PPP Proceed Usage:

On the PPP application, Landscape Structures Inc reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $8,985,100

Because the loan received by Landscape Structures Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Landscape Structures Inc in Delano, MN

Landscape Structures Inc
601 7th Street South
Delano, MN 55328

Business Industry:
Landscaping Services
NAICS code 561730

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Wright County, MN — SBA Office 0508 — Congressional District: MN-06

Similar Companies near Delano

In the Delano area, 17 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 500) and received an average PPP loan of $565,658 (compared to this company's $8.99M).

Similar Nearby Businesses Who Received PPP Funding:

Viking Land Tree Care Inc
Delano, MN

$7,500 PPP Loan

Zone 4 Landscaping
Delano, MN

$9,160 PPP Loan

Leone Landscape And Lawn Maintenance LLC
Delano, MN

$28,896 PPP Loan

Treecare Incoporated
Delano, MN

$12,717 PPP Loan

Jeffrey M Wendroth
Eden Valley, MN

$16,100 PPP Loan

Bohler Shrub & Landscaping LLC
Delano, MN

$3,395 PPP Loan

Dayton Landscapes, Inc
Dayton, MN

$18,250 PPP Loan

Consolidated Landcare Inc
Delano, MN

$13,771 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 131,822 businesses in the "Landscaping Services" industry received a total of $5.9B 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 6 employees, 99% lower than Landscape Structures Inc's reported 500 employees, and received an average PPP loan of $44,732, 100% lower than this company's loan of $8.99M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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