PPP Loan Data — Praesto Lean Solutions, Centennial, CO
Praesto Lean Solutions is a subchapter s corporation located at 5483 E Dry Creek Circle in Centennial, Colorado that received a Coronavirus-related PPP loan from the SBA of $25,312.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Praesto Lean Solutions in Centennial, CO received a Paycheck Protection Loan of $25,312 through JPMorgan Chase Bank, National Association, 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 April, 2021.
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, Praesto Lean Solutions' 2019 payroll expenses are estimated to be at least $121,498.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,749 per employee1
Reported PPP Proceed Usage:
On the PPP application, Praesto Lean Solutions reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,312
Business Information - Praesto Lean Solutions in Centennial, CO
5483 E Dry Creek Circle
Centennial, CO 80122
Other Management Consulting Services
NAICS code 541618
Business Owner Demographics
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Centennial
In the Centennial area, 33 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $29,244 (compared to this company's $25,312).
Similar Nearby Businesses Who Received PPP Funding:
KLA Group, Inc
Sedhom Consulting Corp
Kevin Hahn Consulting LTD
Artemis Agile Consulting, Inc
SG Organizing LLC
National Retail Concept Ptnrs LLC
Industry PPP Comparison Statistics
Nationwide, 84,014 businesses in the "Other Management Consulting Services" industry received a total of $3.74B 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 4 employees, 100% higher than Praesto Lean Solutions' reported 2 employees, and received an average PPP loan of $44,524, 76% higher than this company's loan of $25,312.
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Footnotes & Information
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