PPP Loan Data — Nevada Tree Service LLC, Henderson, NV
Nevada Tree Service LLC is a limited liability company (LLC) located at 904 San Gabriel Ave in Henderson, Nevada that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Zions Bank, A Division of
Nevada Tree Service LLC in Henderson, NV received a Paycheck Protection Loan of $25,500 through Zions Bank, A Division of, 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, Nevada Tree Service LLC's 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,486 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nevada Tree Service LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,500
Business Information - Nevada Tree Service LLC in Henderson, NV
904 San Gabriel Ave
Henderson, NV 89002
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 Henderson
In the Henderson area, 11 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 7) and received an average PPP loan of $16,445 (compared to this company's $25,500).
Similar Nearby Businesses Who Received PPP Funding:
Akitas Landscape And Maintenance, LLC
Myers And Myers
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, 29% lower than Nevada Tree Service LLC's reported 7 employees, and received an average PPP loan of $43,486, 71% higher than this company's loan of $25,500.
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Footnotes & Information
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