PPP Loan Data — Snowboarders & Skiers For Christ, Dillon, CO
Snowboarders & Skiers For Christ is a subchapter s corporation located at P.o. Box 2082 in Dillon, Colorado that received a Coronavirus-related PPP loan from the SBA of $46,885.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Snowboarders & Skiers For Christ in Dillon, CO received a Paycheck Protection Loan of $46,885 through JPMorgan Chase Bank, National Association, 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 February, 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, Snowboarders & Skiers For Christ's 2019 payroll expenses are estimated to be at least $225,048.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $45,010 per employee1
Reported PPP Proceed Usage:
On the PPP application, Snowboarders & Skiers For Christ reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,885
Business Information - Snowboarders & Skiers For Christ in Dillon, CO
P.o. Box 2082
Dillon, CO 80435
Civic and Social Organizations
NAICS code 813410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 18,550 businesses in the "Civic and Social Organizations" industry received a total of $2.6B 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 20 employees, 300% higher than Snowboarders & Skiers For Christ's reported 5 employees, and received an average PPP loan of $140,085, 199% higher than this company's loan of $46,885.
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Footnotes & Information
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