PPP Loan Data — Aspen Contracting Inc, Lees Summit, MO
Aspen Contracting Inc is a subchapter s corporation located at 4141 Ne Lakewood Way in Lees Summit, Missouri that received a Coronavirus-related PPP loan from the SBA of $2,541,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 198 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BLUE RIDGE BANK AND TRUST CO.
Aspen Contracting Inc received a Paycheck Protection Loan of $2.54M through BLUE RIDGE BANK AND TRUST CO., which was approved in April, 2020.
Based on standard PPP eligibility rules, Aspen Contracting Inc's total 2019 payroll expenses were approximately $12.2M in order to qualify for the PPP loan amount received.
Based on their reported 198 jobs retained, this equals an estimated average yearly compensation of $61,602 per employee1.
Business Information - Aspen Contracting Inc in Lees Summit, MO
4141 Ne Lakewood Way
Lees Summit, MO 64064
Siding Contractors (NAICS code 238170)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: MO-06
Similar Companies near Lees Summit
In the Lees Summit area, 2 businesses in the "Siding Contractors" industry received a PPP loan. These local businesses reported an average of 101 employees (compared to this company's 198) and received an average PPP loan of $1,289,400 (compared to this company's $2.54M).
Similar Nearby Businesses Who Received PPP Funding:
Metro Guttering LLC
Lees Summit, MO
Industry PPP Comparison Statistics
Nationwide, 2,154 businesses in the "Siding Contractors" industry received a total of $133,614,732.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 97% lower than Aspen Contracting Inc's reported 198 employees, and received an average PPP loan of $62,031, 98% lower than this company's loan of $2.54M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!