PPP Loan Data — Aspenpointe Inc., Colorado Springs, CO
Entity: Non-profit Organization
Location: Colorado Springs, COTweet This • Search All PPP Data
Aspenpointe Inc. is a non-profit organization located at 675 Southpointe Ct, Ste 210 in Colorado Springs, Colorado that received a Coronavirus-related PPP loan from the SBA of $6,263,500.00 in April, 2020.
$ PPP Loan Information
Aspenpointe Inc. received a Paycheck Protection Loan of $6.26M through FIRSTBANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Aspenpointe Inc.'s total 2019 payroll expenses were approximately $30.06M in order to qualify for the PPP loan amount received.
Based on their reported 467 jobs retained, this equals an estimated average yearly compensation of $64,379 per employee1.
Business Information - Aspenpointe Inc. in Colorado Springs, CO
675 Southpointe Ct, Ste 210
Colorado Springs, CO 80906
Outpatient Mental Health and Substance Abuse Centers (NAICS code 621420)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CO-05
Similar Companies near Colorado Springs
In the Colorado Springs area, 4 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a PPP loan. These local businesses reported an average of 134 employees (compared to this company's 467) and received an average PPP loan of $1,810,146 (compared to this company's $6.26M).
Similar Nearby Businesses Who Received PPP Funding:
Colorado Springs Psychological Services
Colorado Spgs, CO
Dr James Dobson Family Institute
Colorado Springs, CO
Be Balanced, Inc.
Colorado Springs, CO
Industry PPP Comparison Statistics
Nationwide, 5,494 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1,342,170,180.00 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 24 employees, 95% lower than Aspenpointe Inc.'s reported 467 employees, and received an average PPP loan of $244,297, 96% lower than this company's loan of $6.26M.
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.
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