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, COTweet This • Search All PPP Data
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
Lender:PNC BANK, NATIONAL ASSOCIATION
Power 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 Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CO-07
Similar 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
Fluid Technology LLC
Rocky Mountain Construction Equipment Inc
Water Services Company
Colorado Chassis Service LLC
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.
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