PPP Loan Data — Polyguard Covers Inc, Eaton, CO
Polyguard Covers Inc is a subchapter s corporation located at 37225 Cr 29 in Eaton, Colorado that received a Coronavirus-related PPP loan from the SBA of $45,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Points West Community Bank
Polyguard Covers Inc in Eaton, CO received a Paycheck Protection Loan of $45,800 through Points West Community 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 December, 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, Polyguard Covers Inc's 2019 payroll expenses are estimated to be at least $219,840.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,406 per employee1
Reported PPP Proceed Usage:
On the PPP application, Polyguard Covers Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $35,000
- Rent: $10,800
Business Information - Polyguard Covers Inc in Eaton, CO
37225 Cr 29
Eaton, CO 80615
Glass and Glazing Contractors
NAICS code 238150
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 7,547 businesses in the "Glass and Glazing Contractors" industry received a total of $1.07B 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 12 employees, 71% higher than Polyguard Covers Inc's reported 7 employees, and received an average PPP loan of $142,027, 210% higher than this company's loan of $45,800.
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Footnotes & Information
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