PPP Loan Data — RMD Kwokform North America Inc, Thornton, CO
RMD Kwokform North America Inc is a corporation located at 9351 Grant Street in Thornton, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,776,757.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Celtic Bank Corporation
RMD Kwokform North America Inc in Thornton, CO received a Paycheck Protection Loan of $1.78M through Celtic Bank Corporation, which was approved in May, 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 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, RMD Kwokform North America Inc's 2019 payroll expenses are estimated to be at least $8.53M.
Based on their reported 124 jobs retained, this equals an estimated average yearly compensation of $68,778 per employee1
Reported PPP Proceed Usage:
On the PPP application, RMD Kwokform North America Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,776,757
Business Information - RMD Kwokform North America Inc in Thornton, CO
9351 Grant Street
Thornton, CO 80229
Site Preparation Contractors
NAICS code 238910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Thornton
In the Thornton area, 11 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 124) and received an average PPP loan of $706,289 (compared to this company's $1.78M).
Similar Nearby Businesses Who Received PPP Funding:
D J Snowplowing & Maintenance Inc
Mckune Excavating LLC
Gilbert Contracting, Inc
Hydrodig Denver LLC
Quick's Hoe & Landscape Service, Inc
Dynamis Demolition, LLC
2 Men And A Hammer
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, 90% lower than RMD Kwokform North America Inc's reported 124 employees, and received an average PPP loan of $139,293, 92% lower than this company's loan of $1.78M.
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Footnotes & Information
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