PPP Loan Data — Tree Wise Men LLC, Janesville, WI
Tree Wise Men LLC is a limited liability company (LLC) located at 1647 W. Interlochen Dr in Janesville, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $46,539.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wisconsin River Bank
Tree Wise Men LLC in Janesville, WI received a Paycheck Protection Loan of $46,539 through Wisconsin River 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, Tree Wise Men LLC's 2019 payroll expenses are estimated to be at least $223,387.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,821 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tree Wise Men LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $44,539
- Rent: $2,000
Business Information - Tree Wise Men LLC in Janesville, WI
1647 W. Interlochen Dr
Janesville, WI 53545
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Janesville
In the Janesville area, 22 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 9) and received an average PPP loan of $25,236 (compared to this company's $46,539).
Similar Nearby Businesses Who Received PPP Funding:
Green Leaf Lawn Cutters
Curb Appeal Seasonal Services, LLC
Oak Village Inc
Burdens Lawncare LLC
RH Landscape Design And Maintenance
Todds Groundskeeping LLC
Ritter Lawn LLC
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, 44% lower than Tree Wise Men LLC's reported 9 employees, and received an average PPP loan of $43,486, 7% lower than this company's loan of $46,539.
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Footnotes & Information
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