PPP Loan Data — New Marketing Concepts, Inc., Denver, CO
New Marketing Concepts, Inc.
Location: Denver, COTweet This • Search All PPP Data
New Marketing Concepts, Inc. is a corporation located at 5330 Fox St in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $3,072,002.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 365 people during the applicable loan loan period.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
New Marketing Concepts, Inc. in Denver, CO received a Paycheck Protection Loan of $3.07M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, New Marketing Concepts, Inc.'s total 2019 payroll expenses were approximately $14.75M in order to qualify for the PPP loan amount received.
Based on their reported 365 jobs retained, this equals an estimated average yearly compensation of $40,399 per employee1.
Business Information - New Marketing Concepts, Inc. in Denver, CO
5330 Fox St
Denver, CO 80216
Drugs and Druggists' Sundries Merchant Wholesalers (NAICS code 424210)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CO-07
Similar Companies near Denver
In the Denver area, 2 businesses in the "Drugs and Druggists' Sundries Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 183 employees (compared to this company's 365) and received an average PPP loan of $1,548,501 (compared to this company's $3.07M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 2,537 businesses in the "Drugs and Druggists' Sundries Merchant Wholesalers" industry received a total of $406,655,823.00 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 13 employees, 96% lower than New Marketing Concepts, Inc.'s reported 365 employees, and received an average PPP loan of $160,290, 95% lower than this company's loan of $3.07M.
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