PPP Loan Data — Stanley Tree Service Inc, Smithfield, RI
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
Stanley 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
Landscaping Services (NAICS code 561730)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: RI-01
Similar 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
GLM Construction, LLC
Greenwave Landscape & Horticulture Service, LLC
EJL Lawnscape, Inc.
Top Of The Line Landscaping LLC
Larchmere Landscaping Inc.
CJ Tree Inc
RI Tree And Landscape LLC
Horizon Landscaping LLC
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.
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