PPP Loan Data — Ness Stump Grinding LLC, Dallas, GA
Ness Stump Grinding LLC is a limited liability company (LLC) located at 2034 Marshall Huff Rd Suite D, in Dallas, Georgia that received a Coronavirus-related PPP loan from the SBA of $46,200.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Ness Stump Grinding LLC in Dallas, GA received a Paycheck Protection Loan of $46,200 through Regions Bank, which was approved in May, 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 February, 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, Ness Stump Grinding LLC's 2019 payroll expenses are estimated to be at least $221,760.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,440 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ness Stump Grinding LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,200
Business Information - Ness Stump Grinding LLC in Dallas, GA
2034 Marshall Huff Rd Suite D,
Dallas, GA 30132
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 38 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $21,111 (compared to this company's $46,200).
Similar Nearby Businesses Who Received PPP Funding:
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, 25% higher than Ness Stump Grinding LLC's reported 4 employees, and received an average PPP loan of $43,486, 6% lower than this company's loan of $46,200.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!