PPP Loan Data — JVA Incorporated, Boulder, CO
JVA Incorporated is a corporation located at 1319 Spruce St in Boulder, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,037,460.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of the West
JVA Incorporated in Boulder, CO received a Paycheck Protection Loan of $2.04M through Bank of the West, which was approved in April, 2020.
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
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, JVA Incorporated's 2019 payroll expenses are estimated to be at least $9.78M.
Based on their reported 122 jobs retained, this equals an estimated average yearly compensation of $80,162 per employee1
Reported PPP Proceed Usage:
On the PPP application, JVA Incorporated reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,037,460
Business Information - JVA Incorporated in Boulder, CO
1319 Spruce St
Boulder, CO 80302
NAICS code 541330
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Boulder
In the Boulder area, 62 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 122) and received an average PPP loan of $196,500 (compared to this company's $2.04M).
Similar Nearby Businesses Who Received PPP Funding:
EB Engineering, Inc
Ocean Blueprint LLC
Kira Information Solutions, LLC
Phase IV Engineering, Inc
Lightning Eliminators & Consultants, Inc
Bolder Energy Engineers
Foothills Bridge Co
Industry PPP Comparison Statistics
Nationwide, 47,152 businesses in the "Engineering Services" industry received a total of $9.19B 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 13 employees, 89% lower than JVA Incorporated's reported 122 employees, and received an average PPP loan of $194,873, 90% lower than this company's loan of $2.04M.
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Footnotes & Information
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