PPP Loan Data — Twin Blades Lawn Care LLC, Sarasota, FL
Twin Blades Lawn Care LLC is a limited liability company (LLC) located at 4259 Prarie View Drive North in Sarasota, Florida that received a Coronavirus-related PPP loan from the SBA of $45,974.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Home Bank
Twin Blades Lawn Care LLC in Sarasota, FL received a Paycheck Protection Loan of $45,974 through First Home 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, Twin Blades Lawn Care LLC's 2019 payroll expenses are estimated to be at least $220,675.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $20,061 per employee1
Reported PPP Proceed Usage:
On the PPP application, Twin Blades Lawn Care LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,974
Business Information - Twin Blades Lawn Care LLC in Sarasota, FL
4259 Prarie View Drive North
Sarasota, FL 34232
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 Sarasota
In the Sarasota area, 55 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 11) and received an average PPP loan of $101,905 (compared to this company's $45,974).
Similar Nearby Businesses Who Received PPP Funding:
JR S Professional Lawn Care Inc
Wesco Turf, Inc
Hostetler Lawn Care, Inc
Out On A Limb Tree Service LLC
N Paul Landscaping Inc
Hauslers Nursery Inc
Kris Burstein Jr
GG Zand Enterprises LLC
Green Edge Technologies Inc
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, 55% lower than Twin Blades Lawn Care LLC's reported 11 employees, and received an average PPP loan of $43,486, 5% lower than this company's loan of $45,974.
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Footnotes & Information
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