PPP Loan Data — T&L Lawncare, Florence, KY
T&L Lawncare is a sole proprietorship located at 1185 Boone Aire Rd in Florence, Kentucky that received a Coronavirus-related PPP loan from the SBA of $25,440.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Huntington National Bank
T&L Lawncare in Florence, KY received a Paycheck Protection Loan of $25,440 through The Huntington National Bank, 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, T&L Lawncare's 2019 payroll expenses are estimated to be at least $122,112.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,422 per employee1
Reported PPP Proceed Usage:
On the PPP application, T&L Lawncare reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,440
Business Information - T&L Lawncare in Florence, KY
1185 Boone Aire Rd
Florence, KY 41042
NAICS code 561730
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Florence
In the Florence area, 17 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $56,244 (compared to this company's $25,440).
Similar Nearby Businesses Who Received PPP Funding:
Reminiscent Herb Farm, Nursery & Landscaping, Inc
Pro Lawn Care Of Nky, Inc
Green Side Lawn Care, LLC
Andrew S Jones
Travis Walton Landscapes, LLC
Robert S Conn
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, the same amount reported by T&L Lawncare and received an average PPP loan of $43,486, 71% higher than this company's loan of $25,440.
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Footnotes & Information
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