PPP Loan Data — RMR Colorado, LLC, Englewood, CO
RMR Colorado, LLC is a limited liability company (LLC) located at 5347 S. Valentia Way Ste 320 in Englewood, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,897,182.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 274 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:KeyBank National Association
RMR Colorado, LLC in Englewood, CO received a Paycheck Protection Loan of $1.9M through KeyBank National Association, which was approved in April, 2020.
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, RMR Colorado, LLC's 2019 payroll expenses are estimated to be at least $9.11M.
Based on their reported 274 jobs retained, this equals an estimated average yearly compensation of $33,235 per employee1
Reported PPP Proceed Usage:
On the PPP application, RMR Colorado, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,897,182
Business Information - RMR Colorado, LLC in Englewood, CO
5347 S. Valentia Way Ste 320
Englewood, CO 80111
NAICS code 722511
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Englewood
In the Englewood area, 155 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 274) and received an average PPP loan of $191,732 (compared to this company's $1.9M).
Similar Nearby Businesses Who Received PPP Funding:
Basic Food Group Inc
Xcel Properties LLC
Greenwood Village, CO
Ruan Family Inc. DBA Bistro King
DJB Investigations LLC
El Karajo Mexican Restaurant
FBC Lima, LLC
GC Littletonenglewood Inc
Jerusalem Restaurant Inc
Greenwood Village, CO
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 92% lower than RMR Colorado, LLC's reported 274 employees, and received an average PPP loan of $129,504, 93% lower than this company's loan of $1.9M.
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Footnotes & Information
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