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PPP Loan Data — Blue Canyon Technologies Inc, Boulder, CO

SBA PPP loan data, payroll data, and salaries for Blue Canyon Technologies Inc
CO

Blue Canyon Technologies Inc

Entity: Subchapter S Corporation

Industry: Other Communications Equipment Manufacturing

Location: Boulder, CO

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Blue Canyon Technologies Inc is a subchapter s corporation located at 5330 Airport Blvd in Boulder, Colorado that received a Coronavirus-related PPP loan from the SBA of $3,423,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.42M

Jobs Retained:

222

Loan Approved:

2020-04-14

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

Blue Canyon Technologies Inc in Boulder, CO received a Paycheck Protection Loan of $3.42M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, Blue Canyon Technologies Inc's total 2019 payroll expenses were approximately $16.43M in order to qualify for the PPP loan amount received.

Based on their reported 222 jobs retained, this equals an estimated average yearly compensation of $74,030 per employee1.

Because the loan received by Blue Canyon Technologies Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Blue Canyon Technologies Inc in Boulder, CO

Blue Canyon Technologies Inc
5330 Airport Blvd
Boulder, CO 80301

Business Industry

Other Communications Equipment Manufacturing (NAICS code 334290)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CO-02

Industry PPP Comparison Statistics

Nationwide, 496 businesses in the "Other Communications Equipment Manufacturing" industry received a total of $159,944,530.00 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 18 employees, 92% lower than Blue Canyon Technologies Inc's reported 222 employees, and received an average PPP loan of $322,469, 91% lower than this company's loan of $3.42M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/blue-canyon-technologies-inc-boulder-co