PPP Loan Data — Correctional Health Partners LLC, Denver, CO
Correctional Health Partners LLC
Entity: Limited Liability Company (LLC)
Location: Denver, COTweet This • Search All PPP Data
Correctional Health Partners LLC is a limited liability company (LLC) located at 1125 17th St Ste 101 in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,183,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Correctional Health Partners LLC in Denver, CO received a Paycheck Protection Loan of $2.18M through ANB 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, Correctional Health Partners LLC's 2019 payroll expenses are estimated to be at least $10.48M.
Based on their reported 137 jobs retained, this equals an estimated average yearly compensation of $76,485 per employee1
Reported PPP Proceed Usage:
On the PPP application, Correctional Health Partners LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,637,250
- Rent: $545,750
Business Information - Correctional Health Partners LLC in Denver, CO
1125 17th St Ste 101
Denver, CO 80202
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Denver
In the Denver area, 20 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 137) and received an average PPP loan of $390,611 (compared to this company's $2.18M).
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Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 92% lower than Correctional Health Partners LLC's reported 137 employees, and received an average PPP loan of $119,087, 95% lower than this company's loan of $2.18M.
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Footnotes & Information
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