PPP Loan Data — Powergrid Services, LLC, Hartselle, AL
Powergrid Services, LLC is a limited liability company (LLC) located at 2350 Highway 31 Nw in Hartselle, Alabama that received a Coronavirus-related PPP loan from the SBA of $3,833,600.00 in April, 2020.
$ PPP Loan Information
Lender:PEOPLES BANK OF ALABAMA
Powergrid Services, LLC received a Paycheck Protection Loan of $3.83M through PEOPLES BANK OF ALABAMA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Powergrid Services, LLC's total 2019 payroll expenses were approximately $18.4M in order to qualify for the PPP loan amount received.
Based on their reported 277 jobs retained, this equals an estimated average yearly compensation of $66,431 per employee1.
Business Information - Powergrid Services, LLC in Hartselle, AL
2350 Highway 31 Nw
Hartselle, AL 35640
Landscaping Services (NAICS code 561730)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AL-05
Similar Companies near Hartselle
In the Hartselle area, 5 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 57 employees (compared to this company's 277) and received an average PPP loan of $783,528 (compared to this company's $3.83M).
Similar Nearby Businesses Who Received PPP Funding:
Greenpro Lawn Services, LLC
Wyatt Enterprises, Inc.
Moses Land Maintenance LLC
Industry PPP Comparison Statistics
Nationwide, 46,451 businesses in the "Landscaping Services" industry received a total of $3,497,785,424.00 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 9 employees, 97% lower than Powergrid Services, LLC's reported 277 employees, and received an average PPP loan of $75,301, 98% lower than this company's loan of $3.83M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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