PPP Loan Data — Lawson Lawn Care, Visalia, CA
Lawson Lawn Care is a partnership located at 12788 Avenue 328 in Visalia, California that received a Coronavirus-related PPP loan from the SBA of $24,895.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of the West
Lawson Lawn Care in Visalia, CA received a Paycheck Protection Loan of $24,895 through Bank of the West, 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 May, 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, Lawson Lawn Care's 2019 payroll expenses are estimated to be at least $119,496.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,899 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lawson Lawn Care reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,895
Business Information - Lawson Lawn Care in Visalia, CA
12788 Avenue 328
Visalia, CA 93291
NAICS code 111310
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Visalia
In the Visalia area, 20 businesses in the "Orange Groves" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 5) and received an average PPP loan of $88,090 (compared to this company's $24,895).
Similar Nearby Businesses Who Received PPP Funding:
Visalia Citrus Packing Group, Inc
Meling Bros II
Eric C. Waddell
Ford Spraying Inc
Bill M Morgan
Dino J. Simoni Sr
Vivid Produce Inc
Industry PPP Comparison Statistics
Nationwide, 472 businesses in the "Orange Groves" industry received a total of $34.22M 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 12 employees, 140% higher than Lawson Lawn Care's reported 5 employees, and received an average PPP loan of $72,505, 191% higher than this company's loan of $24,895.
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Footnotes & Information
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