PPP Loan Data — Lindblom Landscaping And Home Repair LLC, Auburn, MA
Lindblom Landscaping And Home Repair LLC is a limited liability company (LLC) located at 1 Eames Dr in Auburn, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $24,869.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lindblom Landscaping And Home Repair LLC in Auburn, MA received a Paycheck Protection Loan of $24,869 through Millbury FCU, which was approved in January, 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, Lindblom Landscaping And Home Repair LLC's 2019 payroll expenses are estimated to be at least $119,371.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,686 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lindblom Landscaping And Home Repair LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,869
Business Information - Lindblom Landscaping And Home Repair LLC in Auburn, MA
1 Eames Dr
Auburn, MA 1501
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
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 Lindblom Landscaping And Home Repair LLC's reported 2 employees, and received an average PPP loan of $67,388, 171% higher than this company's loan of $24,869.
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Footnotes & Information
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