PPP Loan Data — Denver Nephrologists, PC, Denver, CO
Denver Nephrologists, PC is a subchapter s corporation located at 130 Rampart Way Ste 300b in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,766,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:UMB Bank, National Association
Denver Nephrologists, PC in Denver, CO received a Paycheck Protection Loan of $1.77M through UMB Bank, National Association, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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 Nephrologists, PC's 2019 payroll expenses are estimated to be at least $8.48M.
Based on their reported 88 jobs retained, this equals an estimated average yearly compensation of $96,338 per employee1
Reported PPP Proceed Usage:
On the PPP application, Denver Nephrologists, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,766,200
Business Information - Denver Nephrologists, PC in Denver, CO
130 Rampart Way Ste 300b
Denver, CO 80230
Kidney Dialysis Centers
NAICS code 621492
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 494 businesses in the "Kidney Dialysis Centers" industry received a total of $118.17M 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 24 employees, 73% lower than Denver Nephrologists, PC's reported 88 employees, and received an average PPP loan of $239,220, 86% lower than this company's loan of $1.77M.
FederalPay's PPP Information Policy
Footnotes & Information
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