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PPP Loan Data — Crestone Servicing Group LLC, Denver, CO

SBA PPP loan data, payroll data, and salaries for Crestone Servicing Group LLC
CO

Crestone Servicing Group LLC

Entity: Limited Liability Company (LLC)

Industry: Fabricated Pipe and Pipe Fitting Manufacturing

Location: Denver, CO

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Crestone Servicing Group LLC is a limited liability company (LLC) located at 6145 Broadway Ste 40 in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $3,230,152.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.23M

Jobs Retained:

215

Loan Approved:

2020-04-16

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Crestone Servicing Group LLC in Denver, CO received a Paycheck Protection Loan of $3.23M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Crestone Servicing Group LLC's total 2019 payroll expenses were approximately $15.5M in order to qualify for the PPP loan amount received.

Based on their reported 215 jobs retained, this equals an estimated average yearly compensation of $72,115 per employee1.

Because the loan received by Crestone Servicing Group LLC 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 - Crestone Servicing Group LLC in Denver, CO

Crestone Servicing Group LLC
6145 Broadway Ste 40
Denver, CO 80216

Business Industry

Fabricated Pipe and Pipe Fitting Manufacturing (NAICS code 332996)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CO-01

Industry PPP Comparison Statistics

Nationwide, 465 businesses in the "Fabricated Pipe and Pipe Fitting Manufacturing" industry received a total of $215,859,300.00 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 30 employees, 86% lower than Crestone Servicing Group LLC's reported 215 employees, and received an average PPP loan of $464,214, 86% lower than this company's loan of $3.23M.

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.

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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/crestone-servicing-group-llc-denver-co