PPP Loan Data — Procida Landscape Inc, Sacramento, CA
Procida Landscape Inc is a corporation located at 8465 Specialty Circle in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $1,566,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Five Star Bank
Procida Landscape Inc in Sacramento, CA received a Paycheck Protection Loan of $1.57M through Five Star 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, Procida Landscape Inc's 2019 payroll expenses are estimated to be at least $7.52M.
Based on their reported 190 jobs retained, this equals an estimated average yearly compensation of $39,562 per employee1
Reported PPP Proceed Usage:
On the PPP application, Procida Landscape Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,535,000
- Utilities: $4,000
- Mortgage Interest: $3,000
- Rent: $24,000
Business Information - Procida Landscape Inc in Sacramento, CA
8465 Specialty Circle
Sacramento, CA 95828
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 Sacramento
In the Sacramento area, 45 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 190) and received an average PPP loan of $163,550 (compared to this company's $1.57M).
Similar Nearby Businesses Who Received PPP Funding:
Rudy's Lclcts Inc
Fernandez Landscape Management Inc
Ray Figuron Shermer
Frank Carson Landscape & Maintenance, 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, 97% lower than Procida Landscape Inc's reported 190 employees, and received an average PPP loan of $43,486, 97% lower than this company's loan of $1.57M.
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Footnotes & Information
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