PPP Loan Data — Juan Weksler Corp, Boulder, CO
Juan Weksler Corp
Location: Boulder, COTweet This • Search All PPP Data
Juan Weksler Corp is a corporation located at 1184 Pintail Cir in Boulder, Colorado that received a Coronavirus-related PPP loan from the SBA of $25,067.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Juan Weksler Corp in Boulder, CO received a Paycheck Protection Loan of $25,067 through Bank of America, National Association, 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 June, 2021.The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Juan Weksler Corp's 2019 payroll expenses are estimated to be at least $120,322 (not accounting for salary amounts > $100k).
Because the 1 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Juan Weksler Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,067
Business Information - Juan Weksler Corp in Boulder, CO
1184 Pintail Cir
Boulder, CO 80303
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Boulder
In the Boulder area, 86 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 1) and received an average PPP loan of $144,419 (compared to this company's $25,067).
Similar Nearby Businesses Who Received PPP Funding:
Mountain West Wellness Inc
Foundation Health LLC
Grace Anesthesia LLC
Owen G Ellis MD LLC
Sonja Stilp MN PC
Boulder Neurosurgical Associates
Boulder Valley Anesthesiology, PLLC
Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 1000% higher than Juan Weksler Corp's reported 1 employees, and received an average PPP loan of $119,087, 375% higher than this company's loan of $25,067.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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