PPP Loan Data — MBP Capital, Inc, Denver, CO
MBP Capital, Inc is a corporation located at 2460 W 26th Ave Ste 355-c in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $41,667.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
MBP Capital, Inc in Denver, CO received a Paycheck Protection Loan of $41,667 through JPMorgan Chase Bank, National Association, which was approved in May, 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, MBP Capital, Inc's 2019 payroll expenses are estimated to be at least $200,002 (not accounting for salary amounts > $100k).
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $100,001 (not accounting for salary amounts > $100k) per employee1
Reported PPP Proceed Usage:
On the PPP application, MBP Capital, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $30,167
- Utilities: $2,500
- Rent: $9,000
Business Information - MBP Capital, Inc in Denver, CO
2460 W 26th Ave Ste 355-c
Denver, CO 80211
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Denver
In the Denver area, 219 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 2) and received an average PPP loan of $18,243 (compared to this company's $41,667).
Similar Nearby Businesses Who Received PPP Funding:
ABG Realty, LLC
RMC Enterprises LTD
Stephanie N Vail
Cattin Properties, LLC
Sierra Nevada LTD. Liability Co
Industry PPP Comparison Statistics
Nationwide, 255,794 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.75B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 2 employees, the same amount reported by MBP Capital, Inc and received an average PPP loan of $22,469, 46% lower than this company's loan of $41,667.
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Footnotes & Information
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