PPP Loan Data — Green Practices, Avon, CO
Green Practices is a corporation located at 30 Benchmark Rd Unit G7 in Avon, Colorado that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Green Practices in Avon, CO received a Paycheck Protection Loan of $25,400 through FirstBank, 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, Green Practices' 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,320 per employee1
Reported PPP Proceed Usage:
On the PPP application, Green Practices reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Green Practices in Avon, CO
30 Benchmark Rd Unit G7
Avon, CO 81620
All Other Personal Services
NAICS code 812990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Avon
In the Avon area, 13 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 6) and received an average PPP loan of $25,960 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Nelhain Ulloa Buezo
Vail Home Massage
Angel C Inc
East West Spas LLC
All Seasons Auto Spa LLC
Tracy L Stewart LLC
Royal Mountain Cleaning LLC
Industry PPP Comparison Statistics
Nationwide, 237,729 businesses in the "All Other Personal Services" industry received a total of $5.63B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 50% lower than Green Practices' reported 6 employees, and received an average PPP loan of $23,676, 7% lower than this company's loan of $25,400.
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Footnotes & Information
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