PPP Loan Data — Laurel Hill Gis Inc, Longmont, CO
Laurel Hill Gis Inc
Location: Longmont, COTweet This • Search All PPP Data
Laurel Hill Gis Inc is a corporation located at 307 Bross Street in Longmont, Colorado that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:High Plains Bank
Laurel Hill Gis Inc in Longmont, CO received a Paycheck Protection Loan of $25,000 through High Plains Bank, 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 November, 2020.
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, Laurel Hill Gis Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Laurel Hill Gis Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Laurel Hill Gis Inc in Longmont, CO
307 Bross Street
Longmont, CO 80501
Surveying and Mapping (except Geophysical) Services
NAICS code 541370
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Longmont
In the Longmont area, 5 businesses in the "Surveying and Mapping (except Geophysical) Services" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 2) and received an average PPP loan of $160,728 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Sugarloaf Tower Company LLC
3D At Depth, Inc
Allsource Analysis Inc
Industry PPP Comparison Statistics
Nationwide, 5,535 businesses in the "Surveying and Mapping (except Geophysical) Services" industry received a total of $521.74M 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 8 employees, 300% higher than Laurel Hill Gis Inc's reported 2 employees, and received an average PPP loan of $94,261, 277% higher than this company's loan of $25,000.
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