PPP Loan Data — Complete Home Electronics Inc, Tabernash, CO
Complete Home Electronics Inc is a subchapter s corporation located at Po Box 598 in Tabernash, Colorado that received a Coronavirus-related PPP loan from the SBA of $46,891.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:United Business Bank
Complete Home Electronics Inc in Tabernash, CO received a Paycheck Protection Loan of $46,891 through United Business Bank, which was approved in April, 2020.
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, Complete Home Electronics Inc's 2019 payroll expenses are estimated to be at least $225,077.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $75,026 per employee1
Reported PPP Proceed Usage:
On the PPP application, Complete Home Electronics Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,513
- Rent: $9,378
Business Information - Complete Home Electronics Inc in Tabernash, CO
Po Box 598
Tabernash, CO 80478
Appliance Repair and Maintenance
NAICS code 811412
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 9,602 businesses in the "Appliance Repair and Maintenance" industry received a total of $368.97M 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 5 employees, 67% higher than Complete Home Electronics Inc's reported 3 employees, and received an average PPP loan of $38,427, 18% lower than this company's loan of $46,891.
FederalPay's PPP Information Policy
Footnotes & Information
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