PPP Loan Data — Milestone Companies LLC, Keenesburg, CO
Milestone Companies LLC is a limited liability company (LLC) located at 4626 County Rd 65 in Keenesburg, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,836,402.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 307 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of Colorado
Milestone Companies LLC in Keenesburg, CO received a Paycheck Protection Loan of $2.84M 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, Milestone Companies LLC's 2019 payroll expenses are estimated to be at least $13.61M.
Based on their reported 307 jobs retained, this equals an estimated average yearly compensation of $44,348 per employee1
Reported PPP Proceed Usage:
On the PPP application, Milestone Companies LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,836,402
Business Information - Milestone Companies LLC in Keenesburg, CO
4626 County Rd 65
Keenesburg, CO 80643
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Keenesburg
In the Keenesburg area, 10 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 307) and received an average PPP loan of $336,401 (compared to this company's $2.84M).
Similar Nearby Businesses Who Received PPP Funding:
Colema Industrial Services LLC
Larrys Mobile Welding Inc
Tatonka Contractors LLC
Icon Specialties Inc
Surface Specialists Of Denver
Site Reclamation Services Inc
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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 8 employees, 97% lower than Milestone Companies LLC's reported 307 employees, and received an average PPP loan of $86,076, 97% lower than this company's loan of $2.84M.
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Footnotes & Information
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