PPP Loan Data — Paramount Pest Solutions LLC, Gulfport, MS
Paramount Pest Solutions LLC is a partnership located at 3413 B Washington Ave in Gulfport, Mississippi that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Community Bank of Mississippi
Paramount Pest Solutions LLC in Gulfport, MS received a Paycheck Protection Loan of $25,300 through Community Bank of Mississippi, which was approved in April, 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 January, 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, Paramount Pest Solutions LLC's 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, Paramount Pest Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $22,300
- Utilities: $3,000
Business Information - Paramount Pest Solutions LLC in Gulfport, MS
3413 B Washington Ave
Gulfport, MS 39507
Exterminating and Pest Control Services
NAICS code 561710
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Gulfport
In the Gulfport area, 2 businesses in the "Exterminating and Pest Control Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 5) and received an average PPP loan of $13,697 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
H And S Enterprises LLC
Industry PPP Comparison Statistics
Nationwide, 11,446 businesses in the "Exterminating and Pest Control Services" industry received a total of $713.27M 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 8 employees, 60% higher than Paramount Pest Solutions LLC's reported 5 employees, and received an average PPP loan of $62,316, 146% higher than this company's loan of $25,300.
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Footnotes & Information
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