PPP Loan Data — Headwall Holdings LLC, Glenwood Springs, CO
Headwall Holdings LLC is a limited liability company (LLC) located at 300 Wulfsohn Road, Apt B308 in Glenwood Springs, Colorado that received a Coronavirus-related PPP loan from the SBA of $24,890.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of the West
Headwall Holdings LLC in Glenwood Springs, CO received a Paycheck Protection Loan of $24,890 through Bank of the West, 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 May, 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, Headwall Holdings LLC's 2019 payroll expenses are estimated to be at least $119,472.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $19,912 per employee1
Reported PPP Proceed Usage:
On the PPP application, Headwall Holdings LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,890
Business Information - Headwall Holdings LLC in Glenwood Springs, CO
300 Wulfsohn Road, Apt B308
Glenwood Springs, CO 81601
Snack and Nonalcoholic Beverage Bars
NAICS code 722515
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Glenwood Springs
In the Glenwood Springs area, 3 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 6) and received an average PPP loan of $20,522 (compared to this company's $24,890).
Similar Nearby Businesses Who Received PPP Funding:
Pinwill's Frozen Yogurt
Glenwood Springs, CO
The Expresso Hut
Glenwood Springs, CO
Industry PPP Comparison Statistics
Nationwide, 27,681 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a total of $1.44B 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 11 employees, 83% higher than Headwall Holdings LLC's reported 6 employees, and received an average PPP loan of $52,130, 109% higher than this company's loan of $24,890.
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Footnotes & Information
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