PPP Loan Data — Asphalt Specialties Co. Inc., Henderson, CO
Asphalt Specialties Co. Inc. is a subchapter s corporation located at 10100 Dallas St in Henderson, Colorado that received a Coronavirus-related PPP loan from the SBA of $3,071,002.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF THE WEST
Asphalt Specialties Co. Inc. received a Paycheck Protection Loan of $3.07M through BANK OF THE WEST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Asphalt Specialties Co. Inc.'s total 2019 payroll expenses were approximately $14.74M in order to qualify for the PPP loan amount received.
Based on their reported 397 jobs retained, this equals an estimated average yearly compensation of $37,131 per employee1.
Business Information - Asphalt Specialties Co. Inc. in Henderson, CO
10100 Dallas St
Henderson, CO 80640
Highway, Street, and Bridge Construction (NAICS code 237310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CO-07
Similar Companies near Henderson
In the Henderson area, 2 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 239 employees (compared to this company's 397) and received an average PPP loan of $2,034,701 (compared to this company's $3.07M).
Similar Nearby Businesses Who Received PPP Funding:
Metro Pavers, Inc
Industry PPP Comparison Statistics
Nationwide, 7,070 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $2,867,987,409.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 26 employees, 93% lower than Asphalt Specialties Co. Inc.'s reported 397 employees, and received an average PPP loan of $405,656, 87% lower than this company's loan of $3.07M.
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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