PPP Loan Data — Quality Energy Solutions LLC, Greeley, CO
Quality Energy Solutions LLC
Industry: Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
Location: Greeley, COTweet This • Search All PPP Data
Quality Energy Solutions LLC is a partnership located at Po Box 577 in Greeley, Colorado that received a Coronavirus-related PPP loan from the SBA of $46,364.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of Colorado
Quality Energy Solutions LLC in Greeley, CO received a Paycheck Protection Loan of $46,364 through Bank of Colorado, 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 February, 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, Quality Energy Solutions LLC's 2019 payroll expenses are estimated to be at least $222,547.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,182 per employee1
Reported PPP Proceed Usage:
On the PPP application, Quality Energy Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,364
Business Information - Quality Energy Solutions LLC in Greeley, CO
Po Box 577
Greeley, CO 80632
Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
NAICS code 811310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Greeley
In the Greeley area, 11 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 13 employees (compared to this company's 3) and received an average PPP loan of $174,168 (compared to this company's $46,364).
Similar Nearby Businesses Who Received PPP Funding:
Power Services Company Of Oklahoma LLC
Bob's Welding & Machine, Inc
Aircraft Cylinders & Engines, Inc
Power Services Company
Quality Well & Pump, LLC
Power Services Company Of Colorado, LLC
J&B Machine, LLC
Industry PPP Comparison Statistics
Nationwide, 22,310 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a total of $2.27B 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 9 employees, 200% higher than Quality Energy Solutions LLC's reported 3 employees, and received an average PPP loan of $101,583, 119% higher than this company's loan of $46,364.
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