PPP Loan Data — Enstrom Candies, Inc, Grand Junction, CO
Enstrom Candies, Inc
Entity: Subchapter S Corporation
Location: Grand Junction, COTweet This • Search All PPP Data
Enstrom Candies, Inc is a subchapter s corporation located at 701 Colorado Ave in Grand Junction, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,527,000.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 134 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Home Loan State Bank
Enstrom Candies, Inc in Grand Junction, CO received a Paycheck Protection Loan of $1.53M through Home Loan State 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 December, 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, Enstrom Candies, Inc's 2019 payroll expenses are estimated to be at least $7.33M.
Based on their reported 134 jobs retained, this equals an estimated average yearly compensation of $54,699 per employee1
Reported PPP Proceed Usage:
On the PPP application, Enstrom Candies, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,527,000
Business Information - Enstrom Candies, Inc in Grand Junction, CO
701 Colorado Ave
Grand Junction, CO 81501
Confectionery Manufacturing from Purchased Chocolate
NAICS code 311352
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 756 businesses in the "Confectionery Manufacturing from Purchased Chocolate" industry received a total of $132.9M 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 23 employees, 83% lower than Enstrom Candies, Inc's reported 134 employees, and received an average PPP loan of $175,793, 88% lower than this company's loan of $1.53M.
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Footnotes & Information
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