PPP Loan Data — Mountain Aviation, Inc., Broomfield, CO
Mountain Aviation, Inc.
Entity: Subchapter S Corporation
Location: Broomfield, COTweet This • Search All PPP Data
Mountain Aviation, Inc. is a subchapter s corporation located at 656 Metro Airport Ave. in Broomfield, Colorado that received a Coronavirus-related PPP loan from the SBA of $3,161,900.00 in April, 2020.
$ PPP Loan Information
Lender:ZIONS BANK, A DIVISION OF
Mountain Aviation, Inc. received a Paycheck Protection Loan of $3.16M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mountain Aviation, Inc.'s total 2019 payroll expenses were approximately $15.18M in order to qualify for the PPP loan amount received.
Based on their reported 226 jobs retained, this equals an estimated average yearly compensation of $67,155 per employee1.
Business Information - Mountain Aviation, Inc. in Broomfield, CO
656 Metro Airport Ave.
Broomfield, CO 80021
Nonscheduled Chartered Passenger Air Transportation (NAICS code 481211)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CO-07
Industry PPP Comparison Statistics
Nationwide, 731 businesses in the "Nonscheduled Chartered Passenger Air Transportation" industry received a total of $238,649,021.00 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 20 employees, 91% lower than Mountain Aviation, Inc.'s reported 226 employees, and received an average PPP loan of $326,469, 90% lower than this company's loan of $3.16M.
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.
Footnotes & Information
1. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!