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PPP Loan Data — Stanley Tree Service Inc,
Smithfield, RI
Stanley Tree Service Inc
Entity: Corporation
Industry: Landscaping Services
Location: Smithfield, RI
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Stanley Tree Service Inc is a corporation located at 275 George Washington Highway in Smithfield, Rhode Island that received a Coronavirus-related PPP loan from the SBA of $2,700,000.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 200 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
200Loan Approved:
2020-04-06Lender:
HARBORONE BANKStanley Tree Service Inc received a Paycheck Protection Loan of $2.7M through HARBORONE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Stanley Tree Service Inc's total 2019 payroll expenses were approximately $12.96M in order to qualify for the PPP loan amount received.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $64,800 per employee1.
Business Information - Stanley Tree Service Inc in Smithfield, RI
275 George Washington Highway
Smithfield, RI 2917
Business Industry
Landscaping Services (NAICS code 561730)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERAN
Congressional District: RI-01Similar Companies near Smithfield
In the Smithfield area, 10 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 200) and received an average PPP loan of $307,186 (compared to this company's $2.7M).
Similar Nearby Businesses Who Received PPP Funding:
Above & Beyond Tree Service, LLC
Smithfield, RI
GLM Construction, LLC
Smithfield, RI
Greenwave Landscape & Horticulture Service, LLC
Rumford, RI
EJL Lawnscape, Inc.
Smithfield, RI
Top Of The Line Landscaping LLC
Smithfield, RI
Larchmere Landscaping Inc.
Rumford, RI
CJ Tree Inc
Smithfield, RI
RI Tree And Landscape LLC
Smithfield, RI
Horizon Landscaping LLC
Smithfield, RI
Industry PPP Comparison Statistics
Nationwide, 46,451 businesses in the "Landscaping Services" industry received a total of $3,497,785,424.00 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 9 employees, 96% lower than Stanley Tree Service Inc's reported 200 employees, and received an average PPP loan of $75,301, 97% lower than this company's loan of $2.7M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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