PPP Loan Data — Timberline Landscaping, Inc, Colorado Springs, CO
Timberline Landscaping, Inc is a corporation located at 8110 Opportunity View in Colorado Springs, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,747,195.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 117 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Eastern Colorado Bank
Timberline Landscaping, Inc in Colorado Springs, CO received a Paycheck Protection Loan of $1.75M through The Eastern Colorado 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 December, 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, Timberline Landscaping, Inc's 2019 payroll expenses are estimated to be at least $8.39M.
Based on their reported 117 jobs retained, this equals an estimated average yearly compensation of $71,680 per employee1
Reported PPP Proceed Usage:
On the PPP application, Timberline Landscaping, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,687,195
- Mortgage Interest: $20,000
- Rent: $40,000
Business Information - Timberline Landscaping, Inc in Colorado Springs, CO
8110 Opportunity View
Colorado Springs, CO 80939
NAICS code 561730
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
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, 96% lower than Timberline Landscaping, Inc's reported 117 employees, and received an average PPP loan of $43,486, 98% lower than this company's loan of $1.75M.
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Footnotes & Information
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