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PPP Loan Data — Peak 8 Properties, LLC, Breckenridge, CO

SBA PPP loan data, payroll data, and salaries for Peak 8 Properties, LLC
CO

Peak 8 Properties, LLC

Entity: Limited Liability Company (LLC)

Industry: Hotels (except Casino Hotels) and Motels

Location: Breckenridge, CO

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Peak 8 Properties, LLC is a limited liability company (LLC) located at 100 S Main St in Breckenridge, Colorado that received a Coronavirus-related PPP loan from the SBA of $6,585,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.59M

Jobs Retained:

500

Loan Approved:

2020-04-05

Lender:

FIRSTBANK

Peak 8 Properties, LLC received a Paycheck Protection Loan of $6.59M through FIRSTBANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Peak 8 Properties, LLC's total 2019 payroll expenses were approximately $31.61M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $63,220 per employee1.

Because the loan received by Peak 8 Properties, LLC 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 - Peak 8 Properties, LLC in Breckenridge, CO

Peak 8 Properties, LLC
100 S Main St
Breckenridge, CO 80424

Business Industry

Hotels (except Casino Hotels) and Motels (NAICS code 721110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CO-02

Similar Companies near Breckenridge

In the Breckenridge area, 6 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 500) and received an average PPP loan of $1,518,983 (compared to this company's $6.59M).

Industry PPP Comparison Statistics

Nationwide, 41,528 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $6,692,184,447.00 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 21 employees, 96% lower than Peak 8 Properties, LLC's reported 500 employees, and received an average PPP loan of $161,149, 98% lower than this company's loan of $6.59M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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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Source: www.federalpay.org/paycheck-protection-program/peak-8-properties-llc-breckenridge-co