PPP Loan Data — Mortons Lawn Service Inc, Decatur, GA
Mortons Lawn Service Inc is a subchapter s corporation located at 2892 Hollywood Dr in Decatur, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,006.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Square Capital, LLC
Mortons Lawn Service Inc in Decatur, GA received a Paycheck Protection Loan of $25,006 through Square Capital, LLC, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Mortons Lawn Service Inc's 2019 payroll expenses are estimated to be at least $120,029.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,006 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mortons Lawn Service Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,006
Business Information - Mortons Lawn Service Inc in Decatur, GA
2892 Hollywood Dr
Decatur, GA 30033
Home and Garden Equipment Repair and Maintenance
NAICS code 811411
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Decatur
In the Decatur area, 10 businesses in the "Home and Garden Equipment Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 5) and received an average PPP loan of $17,282 (compared to this company's $25,006).
Similar Nearby Businesses Who Received PPP Funding:
Property Management Contractors
Industry PPP Comparison Statistics
Nationwide, 5,548 businesses in the "Home and Garden Equipment Repair and Maintenance" industry received a total of $139.15M 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 3 employees, 40% lower than Mortons Lawn Service Inc's reported 5 employees, and received an average PPP loan of $25,080, 0% higher than this company's loan of $25,006.
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Footnotes & Information
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