PPP Loan Data — Premier Earthworks & Infrastructure Inc, Greenwood Village, CO
Premier Earthworks & Infrastructure Inc is a subchapter s corporation located at 5600 S Quebec St Ste 107a in Greenwood Village, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least 110 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:1st Source Bank
Premier Earthworks & Infrastructure Inc in Greenwood Village, CO received a Paycheck Protection Loan of $2M through 1st Source Bank, which was approved in January, 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, Premier Earthworks & Infrastructure Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 110 jobs retained, this equals an estimated average yearly compensation of $87,273 per employee1
Reported PPP Proceed Usage:
On the PPP application, Premier Earthworks & Infrastructure Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Premier Earthworks & Infrastructure Inc in Greenwood Village, CO
5600 S Quebec St Ste 107a
Greenwood Village, CO 80111
Site Preparation Contractors
NAICS code 238910
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Greenwood Village
In the Greenwood Village area, 22 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 110) and received an average PPP loan of $591,733 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
MRP Services LLC
Greenwood Village, CO
Nicon Excavating LLC
Park Range Construction Inc
Colorado Designscapes Inc
American Sign & Striping Company
JDR Enterprises LLC
Elco Drilling Co Inc
PNC Datacom LLC
Industry PPP Comparison Statistics
Nationwide, 30,927 businesses in the "Site Preparation Contractors" industry received a total of $4.31B 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, 89% lower than Premier Earthworks & Infrastructure Inc's reported 110 employees, and received an average PPP loan of $139,293, 93% lower than this company's loan of $2M.
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Footnotes & Information
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