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PPP Loan Data — Universal Environmental Services, LLC, Peachtree City, GA

SBA PPP loan data, payroll data, and salaries for Universal Environmental Services, LLC
GA

Universal Environmental Services, LLC

Entity: Limited Liability Company (LLC)

Industry: Petroleum Lubricating Oil and Grease Manufacturing

Location: Peachtree City, GA

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Universal Environmental Services, LLC is a limited liability company (LLC) located at 411 Dividend Dr in Peachtree City, Georgia that received a Coronavirus-related PPP loan from the SBA of $4,379,157.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.38M

Jobs Retained:

270

Loan Approved:

2020-04-08

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

Universal Environmental Services, LLC in Peachtree City, GA received a Paycheck Protection Loan of $4.38M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, Universal Environmental Services, LLC's total 2019 payroll expenses were approximately $21.02M in order to qualify for the PPP loan amount received.

Based on their reported 270 jobs retained, this equals an estimated average yearly compensation of $77,852 per employee1.

Because the loan received by Universal Environmental Services, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Universal Environmental Services, LLC in Peachtree City, GA

Universal Environmental Services, LLC
411 Dividend Dr
Peachtree City, GA 30269

Business Industry

Petroleum Lubricating Oil and Grease Manufacturing (NAICS code 324191)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-03

Industry PPP Comparison Statistics

Nationwide, 275 businesses in the "Petroleum Lubricating Oil and Grease Manufacturing" industry received a total of $97,352,843.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 20 employees, 93% lower than Universal Environmental Services, LLC's reported 270 employees, and received an average PPP loan of $354,010, 92% lower than this company's loan of $4.38M.

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, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/universal-environmental-services-llc-peachtree-city-ga