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PPP Loan Data — Evergreen Natural Resources LLC,
Denver, CO
Evergreen Natural Resources LLC
Entity: Limited Liability Company (LLC)
Industry: Natural Gas Extraction
Location: Denver, CO
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Evergreen Natural Resources LLC is a limited liability company (LLC) located at 1875 Lawrence St Ste 1150 in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in May, 2021.
$
PPP Loan Information
Loan #9748278906
Loan Size:
Jobs Retained:
156Loan Approved:
2021-05-12Loan Status:
Ongoing LoanLender:
Capital Plus Financial, LLCEvergreen Natural Resources LLC in Denver, CO received a Paycheck Protection Loan of $2M through Capital Plus Financial, LLC, which was approved in May, 2021.
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
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Evergreen Natural Resources LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 156 jobs retained, this equals an estimated average yearly compensation of $61,538 per employee1
Reported PPP Proceed Usage:
On the PPP application, Evergreen Natural Resources LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Evergreen Natural Resources LLC in Denver, CO
1875 Lawrence St Ste 1150
Denver, CO 80202
Business Industry:
Natural Gas Extraction
NAICS code 211130
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Denver
In the Denver area, 4 businesses in the "Natural Gas Extraction" industry received a PPP loan. These local businesses reported an average of 102 employees (compared to this company's 156) and received an average PPP loan of $1,613,178 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Daniels Petroleum Company
Denver, CO
Laramie Energy, LLC
Denver, CO
Industry PPP Comparison Statistics
Nationwide, 1,360 businesses in the "Natural Gas Extraction" industry received a total of $193.71M 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 10 employees, 94% lower than Evergreen Natural Resources LLC's reported 156 employees, and received an average PPP loan of $142,437, 93% lower than this company's loan of $2M.
Evergreen Natural Resources LLC
Entity: Limited Liability Company (LLC)
Industry: Natural Gas Extraction
Location: Denver, CO
Tweet This
•
Search All PPP Data
Evergreen Natural Resources LLC is a limited liability company (LLC) located at 1875 Lawrence St in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,590,372.00 in May, 2020.
$
PPP Loan Information
Loan #8250687303
Loan Size:
Jobs Retained:
173Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
InBankEvergreen Natural Resources LLC in Denver, CO received a Paycheck Protection Loan of $2.59M through InBank, which was approved in May, 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 August, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Evergreen Natural Resources LLC's 2019 payroll expenses are estimated to be at least $12.43M.
Based on their reported 173 jobs retained, this equals an estimated average yearly compensation of $71,872 per employee1
Reported PPP Proceed Usage:
On the PPP application, Evergreen Natural Resources LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,590,372
Business Information - Evergreen Natural Resources LLC in Denver, CO
1875 Lawrence St
Denver, CO 80202
Business Industry:
Natural Gas Extraction
NAICS code 211130
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Evergreen Natural Resources LLC.
David Nagel PC
Offices of Lawyers
CCM Partners LP
Portfolio Management
Similar Companies near Denver
In the Denver area, 4 businesses in the "Natural Gas Extraction" industry received a PPP loan. These local businesses reported an average of 102 employees (compared to this company's 173) and received an average PPP loan of $1,613,178 (compared to this company's $2.59M).
Similar Nearby Businesses Who Received PPP Funding:
Daniels Petroleum Company
Denver, CO
Laramie Energy, LLC
Denver, CO
Industry PPP Comparison Statistics
Nationwide, 1,360 businesses in the "Natural Gas Extraction" industry received a total of $193.71M 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 10 employees, 94% lower than Evergreen Natural Resources LLC's reported 173 employees, and received an average PPP loan of $142,437, 95% lower than this company's loan of $2.59M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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