PPP Loan Data — Funhog, Inc, Avon, CO
Funhog, Inc is a subchapter s corporation located at 41131 Us in Avon, Colorado that received a Coronavirus-related PPP loan from the SBA of $25,077.00 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
Lender:U.S. Bank, National Association
Funhog, Inc in Avon, CO received a Paycheck Protection Loan of $25,077 through U.S. Bank, National Association, 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 May, 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, Funhog, Inc's 2019 payroll expenses are estimated to be at least $120,370.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,093 per employee1
Reported PPP Proceed Usage:
On the PPP application, Funhog, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,077
Business Information - Funhog, Inc in Avon, CO
Avon, CO 81620
Beer, Wine, and Liquor Stores
NAICS code 445310
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Avon
In the Avon area, 8 businesses in the "Beer, Wine, and Liquor Stores" 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 $44,246 (compared to this company's $25,077).
Similar Nearby Businesses Who Received PPP Funding:
Off Piste Retail, LLC
Bri's Booze LLC
Miller's Bottle Shop LLC
The Alpine Liquor Store LLC
Avon Properties Leasing LLC
Willits Fine Wine LLC
Industry PPP Comparison Statistics
Nationwide, 19,110 businesses in the "Beer, Wine, and Liquor Stores" industry received a total of $604.2M 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 6 employees, 50% higher than Funhog, Inc's reported 4 employees, and received an average PPP loan of $31,617, 26% higher than this company's loan of $25,077.
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Footnotes & Information
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