PPP Loan Data — Maintenance Free Landscapes, Shrewsbury, MA
Maintenance Free Landscapes is a sole proprietorship located at 94 Sewall Street in Shrewsbury, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:UniBank for Savings
Maintenance Free Landscapes in Shrewsbury, MA received a Paycheck Protection Loan of $25,300 through UniBank for Savings, which was approved in April, 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, Maintenance Free Landscapes' 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,288 per employee1
Reported PPP Proceed Usage:
On the PPP application, Maintenance Free Landscapes reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Maintenance Free Landscapes in Shrewsbury, MA
94 Sewall Street
Shrewsbury, MA 1545
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Shrewsbury
In the Shrewsbury area, 12 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 5) and received an average PPP loan of $66,604 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Adams Landscapes, LLC
Proscape Company Inc
Leone's Landscaping & Constuction
Rist Landscape Contractors Inc
Warren Landscaping LLC
Campos Brothers Landscaping LLC
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 Maintenance Free Landscapes and received an average PPP loan of $43,486, 72% higher than this company's loan of $25,300.
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Footnotes & Information
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