PPP Loan Data — Prestonwood Landscape LLC, Dallas, TX
Prestonwood Landscape LLC is a limited liability company (LLC) located at 1366 Round Table Dr in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $2,340,790.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Financial Bank, National Association
Prestonwood Landscape LLC in Dallas, TX received a Paycheck Protection Loan of $2.34M through First Financial Bank, National Association, 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, Prestonwood Landscape LLC's 2019 payroll expenses are estimated to be at least $11.24M.
Based on their reported 268 jobs retained, this equals an estimated average yearly compensation of $41,925 per employee1
Reported PPP Proceed Usage:
On the PPP application, Prestonwood Landscape LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,755,592
- Utilities: $585,197
Business Information - Prestonwood Landscape LLC in Dallas, TX
1366 Round Table Dr
Dallas, TX 75247
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 10 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 268) and received an average PPP loan of $645,474 (compared to this company's $2.34M).
Similar Nearby Businesses Who Received PPP Funding:
SRH Landscapes LLC
Personal Environments Lawn & Landscape Inc
Southern Botanical, Inc
Jonathan Baskett Sales Inc
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, 98% lower than Prestonwood Landscape LLC's reported 268 employees, and received an average PPP loan of $43,486, 98% lower than this company's loan of $2.34M.
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Footnotes & Information
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