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PPP Loan Data — Rocky Mountain Ser Jobs For Progress, Inc,
Denver, CO
Rocky Mountain Ser Jobs For Progress, Inc
Entity: Non-profit Organization
Industry: Child Day Care Services
Location: Denver, CO
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Rocky Mountain Ser Jobs For Progress, Inc is a non-profit organization located at 3555 Pecos St in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,616,572.00 in April, 2020.
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PPP Loan Information
Loan #5958267210
Loan Size:
Jobs Retained:
315Loan Approved:
2020-04-27Loan Status:
Paid in Full or ForgivenLender:
Evergreen National BankRocky Mountain Ser Jobs For Progress, Inc in Denver, CO received a Paycheck Protection Loan of $2.62M through Evergreen National Bank, 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 July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Rocky Mountain Ser Jobs For Progress, Inc's 2019 payroll expenses are estimated to be at least $12.56M.
Based on their reported 315 jobs retained, this equals an estimated average yearly compensation of $39,872 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rocky Mountain Ser Jobs For Progress, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,097,913
- Utilities: $96,752
- Mortgage Interest: $42,003
- Rent: $54,145
- Debt Interest: $325,758
Business Information - Rocky Mountain Ser Jobs For Progress, Inc in Denver, CO
3555 Pecos St
Denver, CO 80211
Business Industry:
Child Day Care Services
NAICS code 624410
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Denver
In the Denver area, 18 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 315) and received an average PPP loan of $294,410 (compared to this company's $2.62M).
Similar Nearby Businesses Who Received PPP Funding:
ST. Vincent De Paul Church
Denver, CO
Step By Step Learnng Center LLC
Denver, CO
Mindspark-Steele
Denver, CO
Kiddie Up Nannies LLC
Denver, CO
Highlands Montessori
Denver, CO
Child Care Solutions LLC
Denver, CO
Kidoodles Childcare Co
Denver, CO
Academy Child Care, LLC
Denver, CO
Active Learning Center LLC
Denver, CO
Industry PPP Comparison Statistics
Nationwide, 128,982 businesses in the "Child Day Care Services" industry received a total of $5.47B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 97% lower than Rocky Mountain Ser Jobs For Progress, Inc's reported 315 employees, and received an average PPP loan of $42,417, 98% lower than this company's loan of $2.62M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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