PPP Loan Data — Golftec Enterprises, LLC, Englewood, CO
Golftec Enterprises, LLC is a limited liability company (LLC) located at 67 Inverness Drive East in Englewood, Colorado that received a Coronavirus-related PPP loan from the SBA of $6,458,300.00 in April, 2020.
$ PPP Loan Information
Lender:CIBC BANK USA
Golftec Enterprises, LLC received a Paycheck Protection Loan of $6.46M through CIBC BANK USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Golftec Enterprises, LLC's total 2019 payroll expenses were approximately $31M in order to qualify for the PPP loan amount received.
Based on their reported 467 jobs retained, this equals an estimated average yearly compensation of $66,381 per employee1.
Business Information - Golftec Enterprises, LLC in Englewood, CO
67 Inverness Drive East
Englewood, CO 80112
Sports and Recreation Instruction (NAICS code 611620)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CO-06
Similar Companies near Englewood
In the Englewood area, 17 businesses in the "Sports and Recreation Instruction" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 467) and received an average PPP loan of $463,544 (compared to this company's $6.46M).
Similar Nearby Businesses Who Received PPP Funding:
XL 'N Baseball Inc
Greenwood Vlg, CO
Drennen's Dreams Foundation
Aplus Athletics LLC
Bradley Construction LLC
All That Yoga
Industry PPP Comparison Statistics
Nationwide, 13,286 businesses in the "Sports and Recreation Instruction" industry received a total of $474,782,692.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 7 employees, 99% lower than Golftec Enterprises, LLC's reported 467 employees, and received an average PPP loan of $35,736, 99% lower than this company's loan of $6.46M.
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.
Footnotes & Information
1. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!