PPP Loan Data — Mary J Helvie Glenn F Helvie Sr, Sterling, CO
Mary J Helvie Glenn F Helvie Sr is a sole proprietorship located at 2500 E Chestnut in Sterling, Colorado that received a Coronavirus-related PPP loan from the SBA of $25,145.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of Colorado
Mary J Helvie Glenn F Helvie Sr in Sterling, CO received a Paycheck Protection Loan of $25,145 through Bank of Colorado, which was approved in April, 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, Mary J Helvie Glenn F Helvie Sr's 2019 payroll expenses are estimated to be at least $120,696.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,070 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mary J Helvie Glenn F Helvie Sr reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,145
Business Information - Mary J Helvie Glenn F Helvie Sr in Sterling, CO
2500 E Chestnut
Sterling, CO 80751
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Sterling
In the Sterling area, 24 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 10) and received an average PPP loan of $72,975 (compared to this company's $25,145).
Similar Nearby Businesses Who Received PPP Funding:
Momma Conde's Mexican Restaurant
Wonderful House Restaurant Inc
El Jacal 3 LLC
Global Nomads 4226, LLC
Cecilias Kitchen LLC
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 120% higher than Mary J Helvie Glenn F Helvie Sr's reported 10 employees, and received an average PPP loan of $129,504, 415% higher than this company's loan of $25,145.
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Footnotes & Information
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