PPP Loan Data — Spider Fiber Solutions LLC, Northglenn, CO
Spider Fiber Solutions LLC
Entity: Limited Liability Company (LLC)
Location: Northglenn, COTweet This • Search All PPP Data
Spider Fiber Solutions LLC is a limited liability company (LLC) located at 10475 Irma Drive Unite 4 in Northglenn, Colorado that received a Coronavirus-related PPP loan from the SBA of $25,190.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Spider Fiber Solutions LLC in Northglenn, CO received a Paycheck Protection Loan of $25,190 through Canvas CU, 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, Spider Fiber Solutions LLC's 2019 payroll expenses are estimated to be at least $120,912.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,456 per employee1
Reported PPP Proceed Usage:
On the PPP application, Spider Fiber Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,190
Business Information - Spider Fiber Solutions LLC in Northglenn, CO
10475 Irma Drive Unite 4
Northglenn, CO 80602
Power and Communication Line and Related Structures Construction
NAICS code 237130
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Northglenn
In the Northglenn area, 3 businesses in the "Power and Communication Line and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $29,510 (compared to this company's $25,190).
Similar Nearby Businesses Who Received PPP Funding:
Prevention Utility Locating
RR Drilling LLC
Industry PPP Comparison Statistics
Nationwide, 4,817 businesses in the "Power and Communication Line and Related Structures Construction" industry received a total of $1.06B 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 17 employees, 750% higher than Spider Fiber Solutions LLC's reported 2 employees, and received an average PPP loan of $219,213, 770% higher than this company's loan of $25,190.
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Footnotes & Information
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