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PPP Loan Data — H-2 Enterprises LLC,
Keenesburg, CO
H-2 Enterprises LLC
Entity: Limited Liability Company (LLC)
Industry: Site Preparation Contractors
Location: Keenesburg, CO
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H-2 Enterprises LLC is a limited liability company (LLC) located at 4626 County Road 65 in Keenesburg, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in May, 2021.
The company has reported itself as a White male owned business, and employed at least 155 people during the applicable loan loan period.
$
PPP Loan Information
Loan #8430449007
Loan Size:
Jobs Retained:
155Loan Approved:
2021-05-27Loan Status:
Ongoing LoanLender:
American AgCredit, ACAH-2 Enterprises LLC in Keenesburg, CO received a Paycheck Protection Loan of $2M through American AgCredit, ACA, which was approved in May, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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 MoreUnderstanding 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 MoreBased 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, H-2 Enterprises LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 155 jobs retained, this equals an estimated average yearly compensation of $61,935 per employee1
Reported PPP Proceed Usage:
On the PPP application, H-2 Enterprises LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - H-2 Enterprises LLC in Keenesburg, CO
4626 County Road 65
Keenesburg, CO 80643
Business Industry:
Site Preparation Contractors
NAICS code 238910
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 6 other businesses that received a PPP loan registered to the same address as H-2 Enterprises LLC.
Huwa Custom LLC
Soil Preparation, Planting, and Cultivating
Duraroot LLC
Environmental Consulting Services
Miete LLC
Other Commercial and Industrial Machinery and Equipment Rental and Leasing
Arnold's Custom Seeding LLC
Site Preparation Contractors
Solspec Inc
Geophysical Surveying and Mapping Services
Huwa Enterprises LLC
Offices of Other Holding Companies
Similar Companies near Keenesburg
In the Keenesburg area, 6 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 84 employees (compared to this company's 155) and received an average PPP loan of $1,202,753 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Frontrange Hydro Bandit Service LLC
Kersey, CO
Red Zone LLC
Kersey, CO
Glover Excavating Incorporated
Keenesburg, CO
Arnold's Custom Seeding LLC
Keenesburg, CO
Industry PPP Comparison Statistics
Nationwide, 30,777 businesses in the "Site Preparation Contractors" industry received a total of $4.3B 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 12 employees, 92% lower than H-2 Enterprises LLC's reported 155 employees, and received an average PPP loan of $139,838, 93% lower than this company's loan of $2M.
H-2 Enterprises LLC
Entity: Limited Liability Company (LLC)
Industry: Site Preparation Contractors
Location: Keenesburg, CO
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H-2 Enterprises LLC is a limited liability company (LLC) located at 4626 County Road 65 in Keenesburg, Colorado that received a Coronavirus-related PPP loan from the SBA of $4,608,022.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 314 people during the applicable loan loan period.
$
PPP Loan Information
Loan #9356037005
Loan Size:
Jobs Retained:
314Loan Approved:
2020-04-09Loan Status:
Paid in Full or ForgivenLender:
Bank of ColoradoH-2 Enterprises LLC in Keenesburg, CO received a Paycheck Protection Loan of $4.61M through Bank of Colorado, 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 August, 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 MoreUnderstanding 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 MoreBased 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, H-2 Enterprises LLC's 2019 payroll expenses are estimated to be at least $22.12M.
Based on their reported 314 jobs retained, this equals an estimated average yearly compensation of $70,441 per employee1
Reported PPP Proceed Usage:
On the PPP application, H-2 Enterprises LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,608,022
Business Information - H-2 Enterprises LLC in Keenesburg, CO
4626 County Road 65
Keenesburg, CO 80643
Business Industry:
Site Preparation Contractors
NAICS code 238910
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 6 other businesses that received a PPP loan registered to the same address as H-2 Enterprises LLC.
Huwa Custom LLC
Soil Preparation, Planting, and Cultivating
Duraroot LLC
Environmental Consulting Services
Miete LLC
Other Commercial and Industrial Machinery and Equipment Rental and Leasing
Arnold's Custom Seeding LLC
Site Preparation Contractors
Solspec Inc
Geophysical Surveying and Mapping Services
Huwa Enterprises LLC
Offices of Other Holding Companies
Similar Companies near Keenesburg
In the Keenesburg area, 6 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 84 employees (compared to this company's 314) and received an average PPP loan of $1,202,753 (compared to this company's $4.61M).
Similar Nearby Businesses Who Received PPP Funding:
Frontrange Hydro Bandit Service LLC
Kersey, CO
Red Zone LLC
Kersey, CO
Glover Excavating Incorporated
Keenesburg, CO
Arnold's Custom Seeding LLC
Keenesburg, CO
Industry PPP Comparison Statistics
Nationwide, 30,777 businesses in the "Site Preparation Contractors" industry received a total of $4.3B 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 12 employees, 96% lower than H-2 Enterprises LLC's reported 314 employees, and received an average PPP loan of $139,838, 97% lower than this company's loan of $4.61M.
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.
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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