PPP Loan Data — Skyline Products, Inc, Colorado Springs, CO
Skyline Products, Inc is a corporation located at 2903 Delta Dr in Colorado Springs, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,782,300.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 188 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Farmers & Stockmens Bank
Skyline Products, Inc in Colorado Springs, CO received a Paycheck Protection Loan of $1.78M through Farmers & Stockmens Bank, 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, Skyline Products, Inc's 2019 payroll expenses are estimated to be at least $8.56M.
Based on their reported 188 jobs retained, this equals an estimated average yearly compensation of $45,506 per employee1
Reported PPP Proceed Usage:
On the PPP application, Skyline Products, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,782,300
Business Information - Skyline Products, Inc in Colorado Springs, CO
2903 Delta Dr
Colorado Springs, CO 80910
NAICS code 339950
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 9,571 businesses in the "Sign Manufacturing" industry received a total of $1.05B 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 11 employees, 94% lower than Skyline Products, Inc's reported 188 employees, and received an average PPP loan of $109,484, 94% lower than this company's loan of $1.78M.
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Footnotes & Information
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