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PPP Loan Data — Rocky Mountain Ser Jobs For Progress, Inc, Denver, CO

SBA PPP loan data, payroll data, and salaries for Rocky Mountain Ser Jobs For Progress, Inc
CO Nonprofit Organization

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.

$ PPP Loan Information

Loan Size:

$2.62M

Jobs Retained:

315

Loan Approved:

2020-04-27

Lender:

EVERGREEN NATIONAL BANK

Rocky 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.

Based on standard PPP eligibility rules, Rocky Mountain Ser Jobs For Progress, Inc's total 2019 payroll expenses were approximately $12.56M in order to qualify for the PPP loan amount received.

Based on their reported 315 jobs retained, this equals an estimated average yearly compensation of $39,872 per employee1.

Because the loan received by Rocky Mountain Ser Jobs For Progress, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Rocky Mountain Ser Jobs For Progress, Inc in Denver, CO

Rocky Mountain Ser Jobs For Progress, Inc
3555 Pecos St
Denver, CO 80211

Business Industry

Child Day Care Services (NAICS code 624410)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CO-01

Similar Companies near Denver

In the Denver area, 13 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 315) and received an average PPP loan of $342,006 (compared to this company's $2.62M).

Industry PPP Comparison Statistics

Nationwide, 42,269 businesses in the "Child Day Care Services" industry received a total of $2,725,013,735.00 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 11 employees, 97% lower than Rocky Mountain Ser Jobs For Progress, Inc's reported 315 employees, and received an average PPP loan of $64,468, 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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/rocky-mountain-ser-jobs-for-progress-inc-denver-co