PPP Loan Data — Spray Colorscaping And Maintenance, LLC, Lubbock, TX
Spray Colorscaping And Maintenance, LLC is a limited liability company (LLC) located at 7419 93rd St in Lubbock, Texas that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Spray Colorscaping And Maintenance, LLC in Lubbock, TX received a Paycheck Protection Loan of $25,200 through Peoples 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, Spray Colorscaping And Maintenance, LLC's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,320 per employee1
Reported PPP Proceed Usage:
On the PPP application, Spray Colorscaping And Maintenance, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Spray Colorscaping And Maintenance, LLC in Lubbock, TX
7419 93rd St
Lubbock, TX 79424
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 Lubbock
In the Lubbock area, 54 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $33,525 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Mm&B Enterprises LLC
Mission Exteriors, LLC
JSL Landscaping Inc
Turfmaster Irrigation & Landscaping Inc
Lubbock Superior Lawn & Tree, LLC
The Landscape Gallery, 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, 67% higher than Spray Colorscaping And Maintenance, LLC's reported 3 employees, and received an average PPP loan of $43,486, 73% higher than this company's loan of $25,200.
FederalPay's PPP Information Policy
Footnotes & Information
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