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PPP Loan Data — Timberline Landscaping, Inc, Colorado Springs, CO

SBA PPP loan data, payroll data, and salaries for Timberline Landscaping, Inc
CO

Timberline Landscaping, Inc

Entity: Corporation

Industry: Landscaping Services

Location: Colorado Springs, CO

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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 #6154957008

Loan Size:

$1.75M

Jobs Retained:

117

Loan Approved:

2020-04-06

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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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

Timberline Landscaping, Inc
8110 Opportunity View
Colorado Springs, CO 80939

Business Industry:
Landscaping Services
NAICS code 561730

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

El Paso County, CO — SBA Office 0811 — Congressional District: CO-05

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.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/timberline-landscaping-inc-colorado-springs-co