PPP Loan Data — Insight Asset Management, LLC, Denver, CO
Insight Asset Management, LLC
Entity: Limited Liability Company (LLC)
Location: Denver, COTweet This • Search All PPP Data
Insight Asset Management, LLC is a limited liability company (LLC) located at 650 S Cherry St Ste 840 in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Insight Asset Management, LLC in Denver, CO received a Paycheck Protection Loan of $24,900 through JPMorgan Chase Bank, National Association, 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 April, 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, Insight Asset Management, LLC's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,904 per employee1
Reported PPP Proceed Usage:
On the PPP application, Insight Asset Management, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,900
- Rent: $4,000
Business Information - Insight Asset Management, LLC in Denver, CO
650 S Cherry St Ste 840
Denver, CO 80246
Administrative Management and General Management Consulting Services
NAICS code 541611
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Denver
In the Denver area, 28 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 5) and received an average PPP loan of $62,815 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
The Hotel Perch LLC
Advanced Business Management Inc
Suzy Co, LLC
Mcpeters & Associates, PC
Todd E. Kastetter, PC
AHW Advisors, LLC
Gutierrez Management Enterprise, Inc
CBC Staffing LLC
Industry PPP Comparison Statistics
Nationwide, 94,773 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.51B 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, the same amount reported by Insight Asset Management, LLC and received an average PPP loan of $58,139, 133% higher than this company's loan of $24,900.
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