PPP Loan Data — Bron Tapes Holding, Inc, Denver, CO
Bron Tapes Holding, Inc is a subchapter s corporation located at 875 W Ellsworth Ave in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,093,700.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:UMB Bank, National Association
Bron Tapes Holding, Inc in Denver, CO received a Paycheck Protection Loan of $2.09M through UMB 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 June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Bron Tapes Holding, Inc's 2019 payroll expenses are estimated to be at least $10.05M.
Based on their reported 168 jobs retained, this equals an estimated average yearly compensation of $59,820 per employee1
Reported PPP Proceed Usage:
On the PPP application, Bron Tapes Holding, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,093,700
Business Information - Bron Tapes Holding, Inc in Denver, CO
875 W Ellsworth Ave
Denver, CO 80223
NAICS code 325520
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 399 businesses in the "Adhesive Manufacturing" industry received a total of $118.56M 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 24 employees, 86% lower than Bron Tapes Holding, Inc's reported 168 employees, and received an average PPP loan of $297,150, 86% lower than this company's loan of $2.09M.
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Footnotes & Information
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