PPP Loan Data — Longbow Industries LLC, Loveland, CO
Longbow Industries LLC is a limited liability company (LLC) located at 1171 Des Moiines Avenue in Loveland, Colorado that received a Coronavirus-related PPP loan from the SBA of $7,121,881.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 380 people during the applicable loan loan period.
$ PPP Loan Information
Lender:SUNFLOWER BANK, NATIONAL ASSOCIATION
Longbow Industries LLC in Loveland, CO received a Paycheck Protection Loan of $7.12M through SUNFLOWER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Longbow Industries LLC's total 2019 payroll expenses were approximately $34.19M in order to qualify for the PPP loan amount received.
Based on their reported 380 jobs retained, this equals an estimated average yearly compensation of $89,961 per employee1.
Business Information - Longbow Industries LLC in Loveland, CO
1171 Des Moiines Avenue
Loveland, CO 80537
Structural Steel and Precast Concrete Contractors (NAICS code 238120)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CO-02
Similar Companies near Loveland
In the Loveland area, 3 businesses in the "Structural Steel and Precast Concrete Contractors" industry received a PPP loan. These local businesses reported an average of 127 employees (compared to this company's 380) and received an average PPP loan of $2,541,260 (compared to this company's $7.12M).
Similar Nearby Businesses Who Received PPP Funding:
BK Welding Inc.
BK Boom LLC
Industry PPP Comparison Statistics
Nationwide, 2,045 businesses in the "Structural Steel and Precast Concrete Contractors" industry received a total of $681,119,594.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 94% lower than Longbow Industries LLC's reported 380 employees, and received an average PPP loan of $333,066, 95% lower than this company's loan of $7.12M.
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Footnotes & Information
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