PPP Loan Data — Save On Enterprises Of Sarasota Co., Inc, Venice, FL
Save On Enterprises Of Sarasota Co., Inc is a subchapter s corporation located at 160 Pond Cypress Rd, Ste B in Venice, Florida that received a Coronavirus-related PPP loan from the SBA of $1,995,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:BMO Harris Bank National Association
Save On Enterprises Of Sarasota Co., Inc in Venice, FL received a Paycheck Protection Loan of $2M through BMO Harris Bank National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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, Save On Enterprises Of Sarasota Co., Inc's 2019 payroll expenses are estimated to be at least $9.58M.
Based on their reported 271 jobs retained, this equals an estimated average yearly compensation of $35,336 per employee1
Reported PPP Proceed Usage:
On the PPP application, Save On Enterprises Of Sarasota Co., Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,995,000
Business Information - Save On Enterprises Of Sarasota Co., Inc in Venice, FL
160 Pond Cypress Rd, Ste B
Venice, FL 34292
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Venice
In the Venice area, 27 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 271) and received an average PPP loan of $100,631 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
West Coast Mowing
TLC Landscaping And Design, Inc
Branching Out Transporting Inc
In Bloom Lawn And Land Landscaping Inc
A Branch Above The Rest Tree Service
Steve's Tree & Hauling Service LLC
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 Save On Enterprises Of Sarasota Co., Inc's reported 271 employees, and received an average PPP loan of $43,486, 98% lower than this company's loan of $2M.
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Footnotes & Information
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