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PPP Loan Data — Powergrid Services, LLC, Hartselle, AL

SBA PPP loan data, payroll data, and salaries for Powergrid Services, LLC
AL

Powergrid Services, LLC

Entity: Limited Liability Company (LLC)

Industry: Landscaping Services

Location: Hartselle, AL

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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

Loan Size:

$3.83M

Jobs Retained:

277

Loan Approved:

2020-04-05

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.

Because the loan received by Powergrid Services, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Powergrid Services, LLC in Hartselle, AL

Powergrid Services, LLC
2350 Highway 31 Nw
Hartselle, AL 35640

Business Industry

Landscaping Services (NAICS code 561730)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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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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Source: www.federalpay.org/paycheck-protection-program/powergrid-services-llc-hartselle-al