PPP Loan Data — Salta Service & Performance, Denver, CO
Salta Service & Performance is a partnership located at 1001 75th Ave E in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $25,421.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Salta Service & Performance in Denver, CO received a Paycheck Protection Loan of $25,421 through U.S. Bank, National Association, 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, Salta Service & Performance's 2019 payroll expenses are estimated to be at least $122,021.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,674 per employee1
Reported PPP Proceed Usage:
On the PPP application, Salta Service & Performance reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,421
Business Information - Salta Service & Performance in Denver, CO
1001 75th Ave E
Denver, CO 80229
General Automotive Repair
NAICS code 811111
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Denver
In the Denver area, 24 businesses in the "General Automotive Repair" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $48,104 (compared to this company's $25,421).
Similar Nearby Businesses Who Received PPP Funding:
Torres Automotive Inc
Alpine Euro Automotive Inc
Metal Medic Inc
KO Auto Inc
Complete Auto Repair LLC
Tanner Automotive LLC
Mobile Wrench Enterprises LLC
Industry PPP Comparison Statistics
Nationwide, 95,091 businesses in the "General Automotive Repair" industry received a total of $3.94B 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 5 employees, 67% higher than Salta Service & Performance's reported 3 employees, and received an average PPP loan of $41,461, 63% higher than this company's loan of $25,421.
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Footnotes & Information
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