PPP Loan Data — Computer Solutions And Electronics LLC, Brush, CO
Computer Solutions And Electronics LLC is a limited liability company (LLC) located at 111 Clayton St in Brush, Colorado that received a Coronavirus-related PPP loan from the SBA of $45,800.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of Colorado
Computer Solutions And Electronics LLC in Brush, CO received a Paycheck Protection Loan of $45,800 through Bank of Colorado, 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, Computer Solutions And Electronics LLC's 2019 payroll expenses are estimated to be at least $219,840.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,640 per employee1
Reported PPP Proceed Usage:
On the PPP application, Computer Solutions And Electronics LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $43,000
- Utilities: $1,000
- Rent: $1,600
- Debt Interest: $200
Business Information - Computer Solutions And Electronics LLC in Brush, CO
111 Clayton St
Brush, CO 80723
Custom Computer Programming Services
NAICS code 541511
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 43,326 businesses in the "Custom Computer Programming Services" industry received a total of $6.67B 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 10 employees, 67% higher than Computer Solutions And Electronics LLC's reported 6 employees, and received an average PPP loan of $153,857, 236% higher than this company's loan of $45,800.
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Footnotes & Information
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