PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Green Sheen Paint & Design Inc, Denver, CO

ALERT: There are 2 PPP loans for a total of $568,064 in our database for businesses with the name "Green Sheen Paint & Design Inc" in Denver, CO. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Green Sheen Paint & Design Inc
CO

Green Sheen Paint & Design Inc

Entity: Corporation

Industry: Paint and Wallpaper Stores

Location: Denver, CO

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Green Sheen Paint & Design Inc is a corporation located at 1055 S Jason St in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $310,326.00 in January, 2021.

$ PPP Loan Information
Loan #2244708310

Loan Size:

$310,326

Jobs Retained:

29

Loan Approved:

2021-01-20

Loan Status:

Paid in Full or Forgiven

Lender:

First Western Trust Bank

Green Sheen Paint & Design Inc in Denver, CO received a Paycheck Protection Loan of $310,326 through First Western Trust Bank, which was approved in January, 2021.

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 September, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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 Sheen Paint & Design Inc's 2019 payroll expenses are estimated to be at least $1.49M.

Based on their reported 29 jobs retained, this equals an estimated average yearly compensation of $51,364 per employee1

Reported PPP Proceed Usage:

On the PPP application, Green Sheen Paint & Design Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $310,324
  • Utilities: $1

Business Information - Green Sheen Paint & Design Inc in Denver, CO

Green Sheen Paint & Design Inc
1055 S Jason St
Denver, CO 80223

Business Industry:
Paint and Wallpaper Stores
NAICS code 444120

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Denver County, CO — SBA Office 0811 — Congressional District: CO-01

Similar Companies near Denver

In the Denver area, 4 businesses in the "Paint and Wallpaper Stores" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 29) and received an average PPP loan of $85,935 (compared to this company's $310,326).

Industry PPP Comparison Statistics

Nationwide, 1,831 businesses in the "Paint and Wallpaper Stores" industry received a total of $112.53M 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 7 employees, 76% lower than Green Sheen Paint & Design Inc's reported 29 employees, and received an average PPP loan of $61,460, 80% lower than this company's loan of $310,326.

SBA PPP loan data, payroll data, and salaries for Green Sheen Paint & Design, Inc
CO

Green Sheen Paint & Design, Inc

Entity: Corporation

Industry: Painting and Wall Covering Contractors

Location: Denver, CO

Search All PPP Data

Green Sheen Paint & Design, Inc is a corporation located at 1055 S Jason St in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $257,738.00 in April, 2020.

$ PPP Loan Information
Loan #9608897100

Loan Size:

$257,738

Jobs Retained:

30

Loan Approved:

2020-04-15

Loan Status:

Paid in Full or Forgiven

Lender:

First Western Trust Bank

Green Sheen Paint & Design, Inc in Denver, CO received a Paycheck Protection Loan of $257,738 through First Western Trust Bank, 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 December, 2020.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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 Sheen Paint & Design, Inc's 2019 payroll expenses are estimated to be at least $1.24M.

Based on their reported 30 jobs retained, this equals an estimated average yearly compensation of $41,238 per employee1

Reported PPP Proceed Usage:

On the PPP application, Green Sheen Paint & Design, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $257,738

Business Information - Green Sheen Paint & Design, Inc in Denver, CO

Green Sheen Paint & Design, Inc
1055 S Jason St
Denver, CO 80223

Business Industry:
Painting and Wall Covering Contractors
NAICS code 238320

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Denver County, CO — SBA Office 0811 — Congressional District: CO-01

Similar Companies near Denver

In the Denver area, 10 businesses in the "Painting and Wall Covering Contractors" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 30) and received an average PPP loan of $356,140 (compared to this company's $257,738).

Industry PPP Comparison Statistics

Nationwide, 49,262 businesses in the "Painting and Wall Covering Contractors" industry received a total of $2.44B 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 5 employees, 83% lower than Green Sheen Paint & Design, Inc's reported 30 employees, and received an average PPP loan of $49,448, 81% lower than this company's loan of $257,738.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/green-sheen-paint-design-inc-denver-co