PPP Loan Data — Stone Distribution Center LLC, Denver, CO
Stone Distribution Center LLC is a limited liability company (LLC) located at 650 S Lipan St in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Stone Distribution Center LLC in Denver, CO received a Paycheck Protection Loan of $25,300 through Citywide Banks, 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 June, 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, Stone Distribution Center LLC's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,360 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stone Distribution Center LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Stone Distribution Center LLC in Denver, CO
650 S Lipan St
Denver, CO 80223
Other Building Material Dealers
NAICS code 444190
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Denver
In the Denver area, 10 businesses in the "Other Building Material Dealers" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 4) and received an average PPP loan of $533,985 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Fusion Light And Design Co
Rocky Mountain Snow Guards, Inc
Certified Home Services Inc
Protecto Wrap Company
Lightshine, Inc. DBA Urban Lights
Illumination Systems, LLC
Industry PPP Comparison Statistics
Nationwide, 11,057 businesses in the "Other Building Material Dealers" industry received a total of $1.4B 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 12 employees, 200% higher than Stone Distribution Center LLC's reported 4 employees, and received an average PPP loan of $126,460, 400% higher than this company's loan of $25,300.
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Footnotes & Information
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