PPP Loan Data — Parking Lot Maintenance, Inc, Pewaukee, WI
Parking Lot Maintenance, Inc is a subchapter s corporation located at W225n3178 Duplainville Rd in Pewaukee, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $1,570,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:BMO Harris Bank National Association
Parking Lot Maintenance, Inc in Pewaukee, WI received a Paycheck Protection Loan of $1.57M through BMO Harris Bank National Association, 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, Parking Lot Maintenance, Inc's 2019 payroll expenses are estimated to be at least $7.54M.
Based on their reported 80 jobs retained, this equals an estimated average yearly compensation of $94,212 per employee1
Reported PPP Proceed Usage:
On the PPP application, Parking Lot Maintenance, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,570,200
Business Information - Parking Lot Maintenance, Inc in Pewaukee, WI
W225n3178 Duplainville Rd
Pewaukee, WI 53072
Site Preparation Contractors
NAICS code 238910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Pewaukee
In the Pewaukee area, 5 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 80) and received an average PPP loan of $357,556 (compared to this company's $1.57M).
Similar Nearby Businesses Who Received PPP Funding:
Magnum Excavating LLC
T J S Maintenance Construction
Scott's Excavating & Repair, LLC
Pat Bruch Excavating, Inc
Industry PPP Comparison Statistics
Nationwide, 30,927 businesses in the "Site Preparation Contractors" industry received a total of $4.31B 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 12 employees, 85% lower than Parking Lot Maintenance, Inc's reported 80 employees, and received an average PPP loan of $139,293, 91% lower than this company's loan of $1.57M.
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Footnotes & Information
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