PPP Loan Data — Paul's Tree Service LLC, Anchorage, AK
Paul's Tree Service LLC is a limited liability company (LLC) located at 7001 E 140th Ave in Anchorage, Alaska that received a Coronavirus-related PPP loan from the SBA of $47,157.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Paul's Tree Service LLC in Anchorage, AK received a Paycheck Protection Loan of $47,157 through Northrim Bank, 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 March, 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, Paul's Tree Service LLC's 2019 payroll expenses are estimated to be at least $226,354.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $32,336 per employee1
Reported PPP Proceed Usage:
On the PPP application, Paul's Tree Service LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,157
Business Information - Paul's Tree Service LLC in Anchorage, AK
7001 E 140th Ave
Anchorage, AK 99516
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 Anchorage
In the Anchorage area, 12 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 7) and received an average PPP loan of $119,151 (compared to this company's $47,157).
Similar Nearby Businesses Who Received PPP Funding:
T.w. Services LLC
Crew Cut Lawns LLC
SUB Zero Thawing LLC
Green Acres Maintenance LLC
Frontier Landscaping, Inc
Green Acres Maintenance
Arctic Services LLC
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 Paul's Tree Service LLC's reported 7 employees, and received an average PPP loan of $43,486, 8% lower than this company's loan of $47,157.
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Footnotes & Information
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