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PPP Loan Data — Power Equipment Co,
Denver, CO
Power Equipment Co
Entity: Subchapter S Corporation
Industry: Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
Location: Denver, CO
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Power Equipment Co is a subchapter s corporation located at 500 E 62nd Ave in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,793,400.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
151Loan Approved:
2020-04-12Lender:
PNC BANK, NATIONAL ASSOCIATIONPower Equipment Co in Denver, CO received a Paycheck Protection Loan of $2.79M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Power Equipment Co's total 2019 payroll expenses were approximately $13.41M in order to qualify for the PPP loan amount received.
Based on their reported 151 jobs retained, this equals an estimated average yearly compensation of $88,797 per employee1.
Business Information - Power Equipment Co in Denver, CO
500 E 62nd Ave
Denver, CO 80216
Business Industry
Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (NAICS code 811310)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CO-07Similar Companies near Denver
In the Denver area, 6 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 151) and received an average PPP loan of $583,908 (compared to this company's $2.79M).
Similar Nearby Businesses Who Received PPP Funding:
Consolidated Electric Motor Service
Denver, CO
Fluid Technology LLC
Lakewood, CO
Rocky Mountain Construction Equipment Inc
Denver, CO
Water Services Company
Lakewood, CO
Colorado Chassis Service LLC
Denver, CO
Industry PPP Comparison Statistics
Nationwide, 12,028 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a total of $1,542,124,009.00 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 10 employees, 93% lower than Power Equipment Co's reported 151 employees, and received an average PPP loan of $128,211, 95% lower than this company's loan of $2.79M.
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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