PPP Loan Data — Galloway & Company, Inc, Greenwood Village, CO
Galloway & Company, Inc is a subchapter s corporation located at 6162 South Willow Drive Suite 320 in Greenwood Village, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,507,323.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 179 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:AMG National Trust Bank
Galloway & Company, Inc in Greenwood Village, CO received a Paycheck Protection Loan of $2.51M through AMG National Trust Bank, which was approved in April, 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, Galloway & Company, Inc's 2019 payroll expenses are estimated to be at least $12.04M.
Based on their reported 179 jobs retained, this equals an estimated average yearly compensation of $67,235 per employee1
Reported PPP Proceed Usage:
On the PPP application, Galloway & Company, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,880,493
- Utilities: $250,732
- Mortgage Interest: $376,098
Business Information - Galloway & Company, Inc in Greenwood Village, CO
6162 South Willow Drive Suite 320
Greenwood Village, CO 80111
NAICS code 541330
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Greenwood Village
In the Greenwood Village area, 96 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 179) and received an average PPP loan of $473,941 (compared to this company's $2.51M).
Similar Nearby Businesses Who Received PPP Funding:
Bishop Brogden Associates Inc
Veos Power Solutions, LLC
Greenwood Village, CO
Titan Engineering, Inc
Felsburg Holt & Ullevig, Inc
Neil Binge And Associates/Rosetecllc
Samuel Engineering Inc
Greenwood Village, CO
Action Civil Engineering LLC
Industry PPP Comparison Statistics
Nationwide, 47,152 businesses in the "Engineering Services" industry received a total of $9.19B 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 13 employees, 93% lower than Galloway & Company, Inc's reported 179 employees, and received an average PPP loan of $194,873, 92% lower than this company's loan of $2.51M.
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Footnotes & Information
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