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PPP Loan Data — Mike Adamson Painting, LLC, Highlands Ranch, CO

SBA PPP loan data, payroll data, and salaries for Mike Adamson Painting, LLC
CO

Mike Adamson Painting, LLC

Entity: Limited Liability Company (LLC)

Industry: Painting and Wall Covering Contractors

Location: Highlands Ranch, CO

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Mike Adamson Painting, LLC is a limited liability company (LLC) located in Highlands Ranch, Colorado that received a Coronavirus-related PPP loan from the SBA of $9,896.00 in April, 2020.

$ PPP Loan Information
Loan #7571867305

Loan Size:

$9,896

Jobs Retained:

1

Loan Approved:

2020-04-30

Loan Status:

Paid in Full or Forgiven

Lender:

Wells Fargo Bank, National Association

Mike Adamson Painting, LLC in Highlands Ranch, CO received a Paycheck Protection Loan of $9,896 through Wells Fargo Bank, National Association, 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 May, 2021.


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, Mike Adamson Painting, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $9,896

Business Information - Mike Adamson Painting, LLC in Highlands Ranch, CO

Mike Adamson Painting, LLC
Highlands Ranch, CO
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Painting and Wall Covering Contractors
NAICS code 238320

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Douglas County, CO — SBA Office 0811 — Congressional District: CO-06

Similar Companies near Highlands Ranch

In the Highlands Ranch area, 11 businesses in the "Painting and Wall Covering Contractors" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 1) and received an average PPP loan of $26,926 (compared to this company's $9,896).

Industry PPP Comparison Statistics

Nationwide, 50,571 businesses in the "Painting and Wall Covering Contractors" industry received a total of $2.46B 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 5 employees, 400% higher than Mike Adamson Painting, LLC's reported 1 employees, and received an average PPP loan of $48,668, 392% higher than this company's loan of $9,896.

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.


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Source: www.federalpay.org/paycheck-protection-program/mike-adamson-painting-llc-highlands-ranch-co