PPP Loan Data — Zielies Tree Service, Inc, Ashland, WI
Zielies Tree Service, Inc is a subchapter s corporation located at 28190 State Highway 137 in Ashland, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $1,804,269.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Chippewa Valley Bank
Zielies Tree Service, Inc in Ashland, WI received a Paycheck Protection Loan of $1.8M through Chippewa Valley Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
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, Zielies Tree Service, Inc's 2019 payroll expenses are estimated to be at least $8.66M.
Based on their reported 178 jobs retained, this equals an estimated average yearly compensation of $48,654 per employee1
Reported PPP Proceed Usage:
On the PPP application, Zielies Tree Service, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,804,269
Business Information - Zielies Tree Service, Inc in Ashland, WI
28190 State Highway 137
Ashland, WI 54806
Site Preparation Contractors
NAICS code 238910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Ashland
In the Ashland area, 6 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 178) and received an average PPP loan of $1,840,761 (compared to this company's $1.8M).
Similar Nearby Businesses Who Received PPP Funding:
Greg's Excavating, Inc
Northern Clearing, Inc
M Jolma Inc
E&K Excavating LLC
Industry PPP Comparison Statistics
Nationwide, 30,927 businesses in the "Site Preparation Contractors" industry received a total of $4.31B 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 12 employees, 93% lower than Zielies Tree Service, Inc's reported 178 employees, and received an average PPP loan of $139,293, 92% lower than this company's loan of $1.8M.
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Footnotes & Information
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