PPP Loan Data — The Greenskeeper Touch, LLC, Sussex, NJ
The Greenskeeper Touch, LLC is a limited liability company (LLC) located at 12 Bridle Way in Sussex, New Jersey that received a Coronavirus-related PPP loan from the SBA of $24,875.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
The Greenskeeper Touch, LLC in Sussex, NJ received a Paycheck Protection Loan of $24,875 through Lakeland 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, The Greenskeeper Touch, LLC's 2019 payroll expenses are estimated to be at least $119,400.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $19,900 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Greenskeeper Touch, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,875
Business Information - The Greenskeeper Touch, LLC in Sussex, NJ
12 Bridle Way
Sussex, NJ 7461
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 Sussex
In the Sussex area, 24 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 6) and received an average PPP loan of $77,238 (compared to this company's $24,875).
Similar Nearby Businesses Who Received PPP Funding:
Team Revolution LLC
Vernon Lawn Care LLC
Farmside Landscape & Design Inc
Elite Homes And Gardens LLC
All American Landscape And Maintenance Co., LLC
Natural Conecepts Landscaping, LLC
Parker Landscaping & Construction
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, 17% lower than The Greenskeeper Touch, LLC's reported 6 employees, and received an average PPP loan of $43,486, 75% higher than this company's loan of $24,875.
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Footnotes & Information
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