PPP Loan Data — Element Glass, Aurora, CO
Element Glass is a limited liability company (LLC) located at 20 S Havana St Suite 231 in Aurora, Colorado that received a Coronavirus-related PPP loan from the SBA of $46,189.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Element Glass in Aurora, CO received a Paycheck Protection Loan of $46,189 through ANB Bank, 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 February, 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, Element Glass' 2019 payroll expenses are estimated to be at least $221,707.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,427 per employee1
Reported PPP Proceed Usage:
On the PPP application, Element Glass reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $34,642
- Rent: $11,547
Business Information - Element Glass in Aurora, CO
20 S Havana St Suite 231
Aurora, CO 80012
Glass and Glazing Contractors
NAICS code 238150
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Aurora
In the Aurora area, 8 businesses in the "Glass and Glazing Contractors" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 4) and received an average PPP loan of $87,235 (compared to this company's $46,189).
Similar Nearby Businesses Who Received PPP Funding:
Premier Glass Solutions Inc
Glaspey Glass Company LLC
Tex-Co Glass Inc
United Glass Service Inc
Glaspey Glass Company
El Paso Glass - Denver Inc
Industry PPP Comparison Statistics
Nationwide, 7,547 businesses in the "Glass and Glazing Contractors" industry received a total of $1.07B 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 12 employees, 200% higher than Element Glass' reported 4 employees, and received an average PPP loan of $142,027, 207% higher than this company's loan of $46,189.
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Footnotes & Information
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