PPP Loan Data — Gen3 Co LLC, Englewood, CO
Gen3 Co LLC is a limited liability company (LLC) located at 2880 S. Raritan St in Englewood, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,665,585.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 112 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Sunflower Bank, National Association
Gen3 Co LLC in Englewood, CO received a Paycheck Protection Loan of $1.67M through Sunflower 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 April, 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, Gen3 Co LLC's 2019 payroll expenses are estimated to be at least $7.99M.
Based on their reported 112 jobs retained, this equals an estimated average yearly compensation of $71,382 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gen3 Co LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,665,585
Business Information - Gen3 Co LLC in Englewood, CO
2880 S. Raritan St
Englewood, CO 80110
NAICS code 238160
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Englewood
In the Englewood area, 41 businesses in the "Roofing Contractors" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 112) and received an average PPP loan of $134,066 (compared to this company's $1.67M).
Similar Nearby Businesses Who Received PPP Funding:
Roof Evolution LLC
All Star Roofing & Construction Inc
American Heritage Restoration LLC
M-4 Roofing And Gutters Inc
Pinnacle Installation Group LTD
2 Hail, Inc
Industry PPP Comparison Statistics
Nationwide, 28,905 businesses in the "Roofing Contractors" industry received a total of $2.88B 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 9 employees, 92% lower than Gen3 Co LLC's reported 112 employees, and received an average PPP loan of $99,538, 94% lower than this company's loan of $1.67M.
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Footnotes & Information
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