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PPP Loan Data — American Water Works Association,
Denver, CO
American Water Works Association
Entity: Non-profit Organization
Industry: Professional Organizations
Location: Denver, CO
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American Water Works Association is a non-profit organization located at 6666 W Quincy Ave in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
$
PPP Loan Information
Loan #9410918508
Loan Size:
Jobs Retained:
146Loan Approved:
2021-03-12Loan Status:
Ongoing LoanLender:
JPMorgan Chase Bank, National AssociationAmerican Water Works Association in Denver, CO received a Paycheck Protection Loan of $2M through JPMorgan Chase Bank, National Association, which was approved in March, 2021.
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 MoreUnderstanding 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 MoreBased 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, American Water Works Association's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 146 jobs retained, this equals an estimated average yearly compensation of $65,753 per employee1
Reported PPP Proceed Usage:
On the PPP application, American Water Works Association reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - American Water Works Association in Denver, CO
6666 W Quincy Ave
Denver, CO 80235
Business Industry:
Professional Organizations
NAICS code 813920
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: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Denver
In the Denver area, 6 businesses in the "Professional Organizations" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 146) and received an average PPP loan of $853,276 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
The American Institute Of Professional Geologists
Westminster, CO
American Institute Of Professional Geologists
Westminster, CO
R & M Professional Services Inc
Denver, CO
Donovan Estrella
Denver, CO
Industry PPP Comparison Statistics
Nationwide, 9,453 businesses in the "Professional Organizations" industry received a total of $902.32M 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 8 employees, 95% lower than American Water Works Association's reported 146 employees, and received an average PPP loan of $95,453, 95% lower than this company's loan of $2M.
American Water Works Association
Entity: Non-profit Organization
Industry: Professional Organizations
Location: Denver, CO
Tweet This
•
Search All PPP Data
American Water Works Association is a non-profit organization located at 6666 West Quincy Ave. 0.0 in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,949,000.00 in April, 2020.
$
PPP Loan Information
Loan #2282127100
Loan Size:
Jobs Retained:
155Loan Approved:
2020-04-10Loan Status:
Paid in Full or ForgivenLender:
JPMorgan Chase Bank, National AssociationAmerican Water Works Association in Denver, CO received a Paycheck Protection Loan of $2.95M through JPMorgan Chase Bank, National Association, 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 September, 2021.
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 MoreUnderstanding 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 MoreBased 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, American Water Works Association's 2019 payroll expenses are estimated to be at least $14.16M.
Based on their reported 155 jobs retained, this equals an estimated average yearly compensation of $91,324 per employee1
Reported PPP Proceed Usage:
On the PPP application, American Water Works Association reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,625,840
- Health Care: $323,160
Business Information - American Water Works Association in Denver, CO
6666 West Quincy Ave. 0.0
Denver, CO 80235
Business Industry:
Professional Organizations
NAICS code 813920
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: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Denver
In the Denver area, 6 businesses in the "Professional Organizations" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 155) and received an average PPP loan of $853,276 (compared to this company's $2.95M).
Similar Nearby Businesses Who Received PPP Funding:
The American Institute Of Professional Geologists
Westminster, CO
American Institute Of Professional Geologists
Westminster, CO
R & M Professional Services Inc
Denver, CO
Donovan Estrella
Denver, CO
Industry PPP Comparison Statistics
Nationwide, 9,453 businesses in the "Professional Organizations" industry received a total of $902.32M 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 8 employees, 95% lower than American Water Works Association's reported 155 employees, and received an average PPP loan of $95,453, 97% lower than this company's loan of $2.95M.
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. 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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