PPP Loan Data — Paytech Inc., 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
Lender:U.S. BANK, NATIONAL ASSOCIATION
Paytech 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
Payroll Services (NAICS code 541214)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CO-01
Industry 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
Footnotes & Information
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