FederalPay.org
PPP Loan Data — Universal Environmental Services LLC,
Peachtree City, GA
Universal Environmental Services LLC
Entity: Limited Liability Company (LLC)
Industry: Petroleum Lubricating Oil and Grease Manufacturing
Location: Peachtree City, GA
Tweet This
•
Search All PPP Data
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 $2,000,000.00 in February, 2021.
$
PPP Loan Information
Loan #3810158507
Loan Size:
Jobs Retained:
287Loan Approved:
2021-02-24Loan Status:
Ongoing LoanLender:
Truist Bank d/b/a Branch Banking & Trust CoUniversal Environmental Services LLC in Peachtree City, GA received a Paycheck Protection Loan of $2M through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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 MoreUnderstanding 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 MoreBased 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, Universal Environmental Services LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 287 jobs retained, this equals an estimated average yearly compensation of $33,449 per employee1
Reported PPP Proceed Usage:
On the PPP application, Universal Environmental Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Universal Environmental Services LLC in Peachtree City, GA
411 Dividend Dr
Peachtree City, GA 30269
Business Industry:
Petroleum Lubricating Oil and Grease Manufacturing
NAICS code 324191
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 443 businesses in the "Petroleum Lubricating Oil and Grease Manufacturing" industry received a total of $134.7M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 22 employees, 92% lower than Universal Environmental Services LLC's reported 287 employees, and received an average PPP loan of $304,064, 85% lower than this company's loan of $2M.
Universal Environmental Services, LLC
Entity: Limited Liability Company (LLC)
Industry: Petroleum Lubricating Oil and Grease Manufacturing
Location: Peachtree City, GA
Tweet This
•
Search All PPP Data
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 #8728877007
Loan Size:
Jobs Retained:
270Loan Approved:
2020-04-08Loan Status:
Ongoing LoanLender:
Truist Bank d/b/a Branch Banking & Trust CoUniversal 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.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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 MoreUnderstanding 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 MoreBased 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, Universal Environmental Services, LLC's 2019 payroll expenses are estimated to be at least $21.02M.
Based on their reported 270 jobs retained, this equals an estimated average yearly compensation of $77,852 per employee1
Reported PPP Proceed Usage:
On the PPP application, Universal Environmental Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,379,157
Business Information - Universal Environmental Services, LLC in Peachtree City, GA
411 Dividend Dr
Peachtree City, GA 30269
Business Industry:
Petroleum Lubricating Oil and Grease Manufacturing
NAICS code 324191
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 443 businesses in the "Petroleum Lubricating Oil and Grease Manufacturing" industry received a total of $134.7M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 22 employees, 92% lower than Universal Environmental Services, LLC's reported 270 employees, and received an average PPP loan of $304,064, 93% 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, 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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!