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PPP Loan Data — Lee Struckmeyer, Holyoke, CO

SBA PPP loan data, payroll data, and salaries for Lee Struckmeyer
CO

Lee Struckmeyer

Entity: Sole Proprietorship

Industry: Beef Cattle Ranching and Farming

Location: Holyoke, CO

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Lee Struckmeyer is a sole proprietorship located in Holyoke, Colorado that received a Coronavirus-related PPP loan from the SBA of $35,800.00 in March, 2021.

The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #6816608505

Loan Size:

$35,800

Jobs Retained:

1

Loan Approved:

2021-03-04

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of Colorado
Likely Employment Reduction3

Lee Struckmeyer in Holyoke, CO received a Paycheck Protection Loan of $35,800 through Bank of Colorado, which was approved in March, 2021.

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 October, 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 2. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Lee Struckmeyer reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $35,799
  • Utilities: $1

Business Information - Lee Struckmeyer in Holyoke, CO

Lee Struckmeyer
Holyoke, CO
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Beef Cattle Ranching and Farming
NAICS code 112111

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Yuma County, CO — SBA Office 0811 — Congressional District: CO-04

Similar Companies near Holyoke

In the Holyoke area, 102 businesses in the "Beef Cattle Ranching and Farming" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $16,033 (compared to this company's $35,800).

Industry PPP Comparison Statistics

Nationwide, 215,563 businesses in the "Beef Cattle Ranching and Farming" industry received a total of $2.8B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 1 employees, the same amount reported by Lee Struckmeyer and received an average PPP loan of $12,969, 64% lower than this company's loan of $35,800.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

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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Source: www.federalpay.org/paycheck-protection-program/lee-struckmeyer-holyoke-co