PPP Loan Data — 1825 Foaraged LLC, Denver, CO
1825 Foaraged LLC is a limited liability company (LLC) located at 1825 Blake Street, Suite 100 in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $272,600.00 in April, 2020.
$ PPP Loan Information
1825 Foaraged LLC received a Paycheck Protection Loan of $272,600 through FIRSTBANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, 1825 Foaraged LLC's total 2019 payroll expenses were approximately $1.31M in order to qualify for the PPP loan amount received.
Based on their reported 42 jobs retained, this equals an estimated average yearly compensation of $31,154 per employee1.
Business Information - 1825 Foaraged LLC in Denver, CO
1825 Blake Street, Suite 100
Denver, CO 80202
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CO-01
Similar Companies near Denver
In the Denver area, 143 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 42) and received an average PPP loan of $410,812 (compared to this company's $272,600).
Similar Nearby Businesses Who Received PPP Funding:
Officers Club Lowry, LLC
PUB On Penn LLC
Osteria Marco, Inc.
Piccalilli Square LLC
Restaurant Sushi Sasa LLC
Baidwan Restaurant Corporation
CRU Denver LLLP
Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 52% lower than 1825 Foaraged LLC's reported 42 employees, and received an average PPP loan of $116,685, 57% lower than this company's loan of $272,600.
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. 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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