PPP Loan Data — Denver Seminary, Littleton, CO
Denver Seminary is a non-profit organization located at 6399 S Santa Fe Drive in Littleton, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,659,913.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Denver Seminary in Littleton, CO received a Paycheck Protection Loan of $1.66M through BBVA USA, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
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 Seminary's 2019 payroll expenses are estimated to be at least $7.97M.
Based on their reported 209 jobs retained, this equals an estimated average yearly compensation of $38,122 per employee1
Reported PPP Proceed Usage:
On the PPP application, Denver Seminary reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,244,935
- Utilities: $414,978
Business Information - Denver Seminary in Littleton, CO
6399 S Santa Fe Drive
Littleton, CO 80120
NAICS code 813110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Littleton
In the Littleton area, 29 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 209) and received an average PPP loan of $166,028 (compared to this company's $1.66M).
Similar Nearby Businesses Who Received PPP Funding:
South Evangelical Presbyterian Fellowship
Centennial Covenant Church
Calvary Baptist Church Of Littleton
Holy Trinity Evangelical Lutheran Church
Computers In Ministry
Prince Of Peace Church Of The Brethren Of Athmar Par
Acts4 Community Outreach Services Inc
Industry PPP Comparison Statistics
Nationwide, 123,083 businesses in the "Religious Organizations" industry received a total of $9.27B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 94% lower than Denver Seminary's reported 209 employees, and received an average PPP loan of $75,298, 95% lower than this company's loan of $1.66M.
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Footnotes & Information
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