PPP Loan Data — Meadowbrook Landscape Management, LLC, Berwick, PA
Meadowbrook Landscape Management, LLC is a limited liability company (LLC) located at 1604 Franklin St in Berwick, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $24,890.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Meadowbrook Landscape Management, LLC in Berwick, PA received a Paycheck Protection Loan of $24,890 through Cross River Bank, which was approved in May, 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, Meadowbrook Landscape Management, LLC's 2019 payroll expenses are estimated to be at least $119,472.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,824 per employee1
Reported PPP Proceed Usage:
On the PPP application, Meadowbrook Landscape Management, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,890
Business Information - Meadowbrook Landscape Management, LLC in Berwick, PA
1604 Franklin St
Berwick, PA 18603
Office Administrative Services
NAICS code 561110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 44,947 businesses in the "Office Administrative Services" industry received a total of $2.36B 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 6 employees, 100% higher than Meadowbrook Landscape Management, LLC's reported 3 employees, and received an average PPP loan of $52,468, 111% higher than this company's loan of $24,890.
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Footnotes & Information
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