PPP Loan Data — Paytech Inc.,
Denver, CO
Paytech Inc.
Entity: Subchapter S Corporation
Industry: Payroll Services
Location: Denver, CO

Paytech Inc. is a subchapter s corporation located at 7979 Tufts Ave E in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $3,025,878.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
156Loan Approved:
2020-05-01Lender:
U.S. BANK, NATIONAL ASSOCIATIONPaytech Inc. in Denver, CO received a Paycheck Protection Loan of $3.03M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Paytech Inc.'s total 2019 payroll expenses were approximately $14.52M in order to qualify for the PPP loan amount received.
Based on their reported 156 jobs retained, this equals an estimated average yearly compensation of $93,104 per employee1.
Business Information - Paytech Inc. in Denver, CO
7979 Tufts Ave E
Denver, CO 80237
Business Industry
Payroll Services (NAICS code 541214)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CO-01Industry PPP Comparison Statistics
Nationwide, 2,351 businesses in the "Payroll Services" industry received a total of $440,646,100.00 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 17 employees, 89% lower than Paytech Inc.'s reported 156 employees, and received an average PPP loan of $187,429, 94% lower than this company's loan of $3.03M.
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.
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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