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PPP Loan Data — Concrete Express Inc., Denver, CO

SBA PPP loan data, payroll data, and salaries for Concrete Express Inc.
CO

Concrete Express Inc.

Entity: Corporation

Industry: Poured Concrete Foundation and Structure Contractors

Location: Denver, CO

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Concrete Express Inc. is a corporation located at 2027 W Colfax Ave in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,854,500.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 200 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.85M

Jobs Retained:

200

Loan Approved:

2020-04-06

Lender:

ZIONS BANK, A DIVISION OF

Concrete Express Inc. in Denver, CO received a Paycheck Protection Loan of $2.85M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, Concrete Express Inc.'s total 2019 payroll expenses were approximately $13.7M in order to qualify for the PPP loan amount received.

Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $68,508 per employee1.

Because the loan received by Concrete Express 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 - Concrete Express Inc. in Denver, CO

Concrete Express Inc.
2027 W Colfax Ave
Denver, CO 80204

Business Industry

Poured Concrete Foundation and Structure Contractors (NAICS code 238110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: CO-01

Similar Companies near Denver

In the Denver area, 4 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 64 employees (compared to this company's 200) and received an average PPP loan of $862,241 (compared to this company's $2.85M).

Industry PPP Comparison Statistics

Nationwide, 12,254 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $2,172,253,420.00 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 14 employees, 93% lower than Concrete Express Inc.'s reported 200 employees, and received an average PPP loan of $177,269, 94% lower than this company's loan of $2.85M.

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/concrete-express-inc-denver-co