PPP Loan Data — Gurung Inc, Lakewood, CO
Gurung Inc is a corporation located at 3355 S Wadsworth Blvd in Lakewood, Colorado that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Gurung Inc in Lakewood, CO received a Paycheck Protection Loan of $25,300 through FirstBank, which was approved in May, 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 June, 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, Gurung Inc's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gurung Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Gurung Inc in Lakewood, CO
3355 S Wadsworth Blvd
Lakewood, CO 80227
NAICS code 722513
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Lakewood
In the Lakewood area, 26 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 6) and received an average PPP loan of $91,317 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Out The Bottle LLC
Eagle Country Ventures, LLC
Maria Elana's Mexican Restaurant
Rjm2 Treats LLC
Shackle Free, LLC
Clearly Confused Investments
Fifi Cain Inc
Eagle Too Corp
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 250% higher than Gurung Inc's reported 6 employees, and received an average PPP loan of $100,980, 299% higher than this company's loan of $25,300.
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Footnotes & Information
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