PPP Loan Data — Precision Landscaping & Design Inc, Farmingdale, NY
Precision Landscaping & Design Inc is a subchapter s corporation located at 64 Michael Ave in Farmingdale, New York that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least nine people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Bancorp Bank
Precision Landscaping & Design Inc in Farmingdale, NY received a Paycheck Protection Loan of $25,100 through The Bancorp Bank, which was approved in April, 2020.
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, Precision Landscaping & Design Inc's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,387 per employee1
Reported PPP Proceed Usage:
On the PPP application, Precision Landscaping & Design Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Precision Landscaping & Design Inc in Farmingdale, NY
64 Michael Ave
Farmingdale, NY 11735
Landscape Architectural Services
NAICS code 541320
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Farmingdale
In the Farmingdale area, 3 businesses in the "Landscape Architectural Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 9) and received an average PPP loan of $92,450 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
RJ Falcone Masonry And Landscapes Inc
Campanelli Landscaping Inc
Industry PPP Comparison Statistics
Nationwide, 19,939 businesses in the "Landscape Architectural Services" industry received a total of $1.34B 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 9 employees, the same amount reported by Precision Landscaping & Design Inc and received an average PPP loan of $67,388, 168% higher than this company's loan of $25,100.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!