PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — 4Site Advisors, Inc, Denver, CO

SBA PPP loan data, payroll data, and salaries for 4Site Advisors, Inc
CO

4Site Advisors, Inc

Entity: Corporation

Industry: Investment Advice

Location: Denver, CO

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4Site Advisors, Inc is a corporation located at 4045 Pecos Street Suite 210-4 in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.

$ PPP Loan Information
Loan #5296687305

Loan Size:

$25,200

Jobs Retained:

2

Loan Approved:

2020-04-30

Loan Status:

Ongoing Loan

Lender:

UMB Bank, National Association

4Site Advisors, Inc in Denver, CO received a Paycheck Protection Loan of $25,200 through UMB Bank, National Association, 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 More
Understanding 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 More

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, 4Site Advisors, Inc's 2019 payroll expenses are estimated to be at least $120,960.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,480 per employee1

Reported PPP Proceed Usage:

On the PPP application, 4Site Advisors, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,200

Business Information - 4Site Advisors, Inc in Denver, CO

4Site Advisors, Inc
4045 Pecos Street Suite 210-4
Denver, CO 80211

Business Industry:
Investment Advice
NAICS code 523930

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: Y

HUBZone: Y

Rural / Urban: Urban

Denver County, CO — SBA Office 0811 — Congressional District: CO-01

Similar Companies near Denver

In the Denver area, 28 businesses in the "Investment Advice" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $51,682 (compared to this company's $25,200).

Industry PPP Comparison Statistics

Nationwide, 32,223 businesses in the "Investment Advice" industry received a total of $1.45B 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 4 employees, 100% higher than 4Site Advisors, Inc's reported 2 employees, and received an average PPP loan of $44,994, 79% higher than this company's loan of $25,200.

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.

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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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/4site-advisors-inc-denver-co