PPP Loan Data — Pattlen Enterprises, Inc, Denver, CO
Pattlen Enterprises, Inc is a subchapter s corporation located at 4700 Holly St in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,593,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Pattlen Enterprises, Inc in Denver, CO received a Paycheck Protection Loan of $1.59M through Independent Bank, 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 January, 2021.
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, Pattlen Enterprises, Inc's 2019 payroll expenses are estimated to be at least $7.65M.
Based on their reported 108 jobs retained, this equals an estimated average yearly compensation of $70,800 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pattlen Enterprises, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,593,000
Business Information - Pattlen Enterprises, Inc in Denver, CO
4700 Holly St
Denver, CO 80216
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Denver
In the Denver area, 16 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 108) and received an average PPP loan of $134,385 (compared to this company's $1.59M).
Similar Nearby Businesses Who Received PPP Funding:
Diggable Designs Landscape Construction, LLC
Bloom Concrete & Landscape LLC
Young Landscaping Inc
Garden Varieties LLC
Gardening By Tess
Industry PPP Comparison Statistics
Nationwide, 138,585 businesses in the "Landscaping Services" industry received a total of $6.03B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 95% lower than Pattlen Enterprises, Inc's reported 108 employees, and received an average PPP loan of $43,486, 97% lower than this company's loan of $1.59M.
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Footnotes & Information
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