PPP Loan Data — Denver Hardwood Co., Incorporated, Denver, CO
Denver Hardwood Co., Incorporated
Location: Denver, COTweet This • Search All PPP Data
Denver Hardwood Co., Incorporated is a corporation located at 1150 E. 58th Avenue in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,359,315.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Harvest Small Business Finance, LLC
Denver Hardwood Co., Incorporated in Denver, CO received a Paycheck Protection Loan of $2.36M through Harvest Small Business Finance, LLC, 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, Denver Hardwood Co., Incorporated's 2019 payroll expenses are estimated to be at least $11.32M.
Based on their reported 166 jobs retained, this equals an estimated average yearly compensation of $68,221 per employee1
Reported PPP Proceed Usage:
On the PPP application, Denver Hardwood Co., Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,359,315
Business Information - Denver Hardwood Co., Incorporated in Denver, CO
1150 E. 58th Avenue
Denver, CO 80216
Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers
NAICS code 423310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Denver
In the Denver area, 6 businesses in the "Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 166) and received an average PPP loan of $667,405 (compared to this company's $2.36M).
Similar Nearby Businesses Who Received PPP Funding:
Newco Door & Hardware LLC
O.g. Valentine Inc
Colorado Drywall Supply LLC
BMG Door & Hardware LLC
Industry PPP Comparison Statistics
Nationwide, 5,326 businesses in the "Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers" industry received a total of $1.04B 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 18 employees, 89% lower than Denver Hardwood Co., Incorporated's reported 166 employees, and received an average PPP loan of $194,849, 92% lower than this company's loan of $2.36M.
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Footnotes & Information
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