PPP Loan Data — Wright's Total Lawn Care, Inc, Waycross, GA
Wright's Total Lawn Care, Inc is a subchapter s corporation located at 705 S Augusta Avenue in Waycross, Georgia that received a Coronavirus-related PPP loan from the SBA of $24,944.00 in June, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Wright's Total Lawn Care, Inc in Waycross, GA received a Paycheck Protection Loan of $24,944 through Primesouth Bank, which was approved in June, 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, Wright's Total Lawn Care, Inc's 2019 payroll expenses are estimated to be at least $119,731.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,910 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wright's Total Lawn Care, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,944
Business Information - Wright's Total Lawn Care, Inc in Waycross, GA
705 S Augusta Avenue
Waycross, GA 31503
NAICS code 561730
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Waycross
In the Waycross area, 11 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $18,060 (compared to this company's $24,944).
Similar Nearby Businesses Who Received PPP Funding:
Walker's Lawn Care
Sammy Burley Jr
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, 67% higher than Wright's Total Lawn Care, Inc's reported 3 employees, and received an average PPP loan of $43,486, 74% higher than this company's loan of $24,944.
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Footnotes & Information
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