PPP Loan Data — Russell Landscape, LLC, Sugar Hill, GA
Russell Landscape, LLC is a limited liability company (LLC) located at 4300 Woodward Way in Sugar Hill, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,276,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 269 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Greater Nevada CU
Russell Landscape, LLC in Sugar Hill, GA received a Paycheck Protection Loan of $2.28M through Greater Nevada CU, 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, Russell Landscape, LLC's 2019 payroll expenses are estimated to be at least $10.93M.
Based on their reported 269 jobs retained, this equals an estimated average yearly compensation of $40,622 per employee1
Reported PPP Proceed Usage:
On the PPP application, Russell Landscape, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,276,500
Business Information - Russell Landscape, LLC in Sugar Hill, GA
4300 Woodward Way
Sugar Hill, GA 30518
NAICS code 561730
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sugar Hill
In the Sugar Hill area, 59 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 269) and received an average PPP loan of $88,158 (compared to this company's $2.28M).
Similar Nearby Businesses Who Received PPP Funding:
Select Landscapes LLC
Live Oak Landscape Group LLC
Absolute Green Landscaping Inc
J&J Pro Inc
London Cleaning Service
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 Russell Landscape, LLC's reported 269 employees, and received an average PPP loan of $43,486, 98% lower than this company's loan of $2.28M.
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Footnotes & Information
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