PPP Loan Data — Tea Tree Service, LLC, Brandon, MS
Tea Tree Service, LLC is a limited liability company (LLC) located at 97 Adams Road in Brandon, Mississippi that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Tea Tree Service, LLC in Brandon, MS received a Paycheck Protection Loan of $25,000 through Renasant Bank, 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 May, 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, Tea Tree Service, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,143 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tea Tree Service, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Tea Tree Service, LLC in Brandon, MS
97 Adams Road
Brandon, MS 39047
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Brandon
In the Brandon area, 121 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 7) and received an average PPP loan of $16,992 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Magnolia Outdoor Services LLC
J And G Lawn Services LLC
Buck Property Maintenance LLC
Robbins Lawns 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, 29% lower than Tea Tree Service, LLC's reported 7 employees, and received an average PPP loan of $43,486, 74% higher than this company's loan of $25,000.
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Footnotes & Information
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