PPP Loan Data — Petra De Donno, Fort Collins, CO
Petra De Donno is a limited liability company (LLC) located at 1281 E Magnolia St Unit D #142 in Fort Collins, Colorado that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in August, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Petra De Donno in Fort Collins, CO received a Paycheck Protection Loan of $25,000 through Canvas CU, which was approved in August, 2020.
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, Petra De Donno's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Petra De Donno reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Petra De Donno in Fort Collins, CO
1281 E Magnolia St Unit D #142
Fort Collins, CO 80549
NAICS code 238330
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 28,132 businesses in the "Flooring Contractors" industry received a total of $1.48B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 5 employees, 67% higher than Petra De Donno's reported 3 employees, and received an average PPP loan of $52,734, 111% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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