PPP Loan Data — BT Construction, Inc, Henderson, CO
BT Construction, Inc
Entity: Subchapter S Corporation
Location: Henderson, COTweet This • Search All PPP Data
BT Construction, Inc is a subchapter s corporation located at 9885 Emporia St in Henderson, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,127,600.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
BT Construction, Inc in Henderson, CO received a Paycheck Protection Loan of $2.13M through Citywide Banks, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, BT Construction, Inc's 2019 payroll expenses are estimated to be at least $10.21M.
Based on their reported 135 jobs retained, this equals an estimated average yearly compensation of $75,648 per employee1
Reported PPP Proceed Usage:
On the PPP application, BT Construction, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,127,600
Business Information - BT Construction, Inc in Henderson, CO
9885 Emporia St
Henderson, CO 80640
Water and Sewer Line and Related Structures Construction
NAICS code 237110
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, 8,904 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a total of $1.93B 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 17 employees, 87% lower than BT Construction, Inc's reported 135 employees, and received an average PPP loan of $216,804, 90% lower than this company's loan of $2.13M.
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Footnotes & Information
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