PPP Loan Data — The Metrolina Landscape Co, Charlotte, NC
The Metrolina Landscape Co is a corporation located at 6100 Brookshire Blvd in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $1,802,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
The Metrolina Landscape Co in Charlotte, NC received a Paycheck Protection Loan of $1.8M through PNC Bank, National Association, 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, The Metrolina Landscape Co's 2019 payroll expenses are estimated to be at least $8.65M.
Based on their reported 177 jobs retained, this equals an estimated average yearly compensation of $48,873 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Metrolina Landscape Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,802,200
Business Information - The Metrolina Landscape Co in Charlotte, NC
6100 Brookshire Blvd
Charlotte, NC 28216
Landscape Architectural Services
NAICS code 541320
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Charlotte
In the Charlotte area, 9 businesses in the "Landscape Architectural Services" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 177) and received an average PPP loan of $210,899 (compared to this company's $1.8M).
Similar Nearby Businesses Who Received PPP Funding:
Forest Landscape Management Inc
Industry PPP Comparison Statistics
Nationwide, 19,939 businesses in the "Landscape Architectural Services" industry received a total of $1.34B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 9 employees, 95% lower than The Metrolina Landscape Co's reported 177 employees, and received an average PPP loan of $67,388, 96% lower than this company's loan of $1.8M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!