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PPP Loan Data — Norris Design Inc, Denver, CO

SBA PPP loan data, payroll data, and salaries for Norris Design Inc
CO

Norris Design Inc

Entity: Corporation

Industry: Architectural Services

Location: Denver, CO

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Norris Design Inc is a corporation located at 1101 Bannock St in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,706,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.71M

Jobs Retained:

142

Loan Approved:

2020-04-07

Lender:

FIRSTBANK

Norris Design Inc in Denver, CO received a Paycheck Protection Loan of $2.71M through FIRSTBANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Norris Design Inc's total 2019 payroll expenses were approximately $12.99M in order to qualify for the PPP loan amount received.

Based on their reported 142 jobs retained, this equals an estimated average yearly compensation of $91,470 per employee1.

Because the loan received by Norris Design Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Norris Design Inc in Denver, CO

Norris Design Inc
1101 Bannock St
Denver, CO 80204

Business Industry

Architectural Services (NAICS code 541310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CO-01

Similar Companies near Denver

In the Denver area, 41 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 142) and received an average PPP loan of $490,856 (compared to this company's $2.71M).

Industry PPP Comparison Statistics

Nationwide, 17,027 businesses in the "Architectural Services" industry received a total of $2,549,800,767.00 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 8 employees, 94% lower than Norris Design Inc's reported 142 employees, and received an average PPP loan of $149,750, 94% lower than this company's loan of $2.71M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/norris-design-inc-denver-co