PPP Loan Data — Verrengia Landscape Services, Simsbury, CT
Verrengia Landscape Services is a limited liability company (LLC) located at 4 Welden Way in Simsbury, Connecticut that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Windsor Federal Savings & Loan Association
Verrengia Landscape Services in Simsbury, CT received a Paycheck Protection Loan of $24,900 through Windsor Federal Savings & Loan Association, 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, Verrengia Landscape Services' 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,760 per employee1
Reported PPP Proceed Usage:
On the PPP application, Verrengia Landscape Services reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Verrengia Landscape Services in Simsbury, CT
4 Welden Way
Simsbury, CT 6070
NAICS code 561730
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Simsbury
In the Simsbury area, 14 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 2) and received an average PPP loan of $89,288 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Verrengia Services LLC
D. W. Burr Landscape & Design Inc
Mountain Tree Service, Inc
Bores Property Services LLC
Green Carpet Lawn Care LLC
Valley Landscaping LLC
Green Grass & Cleaning Service
Markos Landscaping 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, 150% higher than Verrengia Landscape Services' reported 2 employees, and received an average PPP loan of $43,486, 75% higher than this company's loan of $24,900.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!