FederalPay.org
PPP Loan Data — Stonetec Inc,
Denver, CO
Stonetec Inc
Entity: Subchapter S Corporation
Industry: Flooring Contractors
Location: Denver, CO
Tweet This
•
Search All PPP Data
Stonetec Inc is a subchapter s corporation located at 1175 S Huron St in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $35,800.00 in February, 2021.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
$ PPP Loan Information Loan #8900778403
Loan Size:
Jobs Retained:
5Loan Approved:
2021-02-14Loan Status:
Active Un-DisbursedLender:
FirstBankStonetec Inc in Denver, CO received a Paycheck Protection Loan of $35,800 through FirstBank, which was approved in February, 2021.
While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $35,800 in approved PPP funding has not been disbursed. 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
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Stonetec Inc's 2019 payroll expenses are estimated to be at least $171,840.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $34,368 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stonetec Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $35,798
- Utilities: $1
Business Information - Stonetec Inc in Denver, CO
1175 S Huron St
Denver, CO 80223
Business Industry:
Flooring Contractors
NAICS code 238330
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Denver
In the Denver area, 7 businesses in the "Flooring Contractors" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 5) and received an average PPP loan of $119,580 (compared to this company's $35,800).
Similar Nearby Businesses Who Received PPP Funding:
Resource Colorado Inc
Denver, CO
J. R. Duffey LLC
Denver, CO
Paradigm Interiors, LLC
Denver, CO
Aristocraft Counter & Floor Covering, Inc
Denver, CO
Ickes Wood & Tile
Denver, CO
General Industrial Flooring
Denver, CO
Industry PPP Comparison Statistics
Nationwide, 21,064 businesses in the "Flooring Contractors" industry received a total of $1,341,072,399.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 20% higher than Stonetec Inc's reported 5 employees, and received an average PPP loan of $63,667, 78% higher than this company's loan of $35,800.
Stonetec, Inc
Entity: Subchapter S Corporation
Industry: Commercial and Institutional Building Construction
Location: Denver, CO
Tweet This
•
Search All PPP Data
Stonetec, Inc is a subchapter s corporation located at 1175 South Huron Street in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $35,800.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
$ PPP Loan Information Loan #3343437403
Loan Size:
Jobs Retained:
5Loan Approved:
2020-05-07Loan Status:
Ongoing LoanLender:
FirstBankStonetec, Inc in Denver, CO received a Paycheck Protection Loan of $35,800 through FirstBank, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Stonetec, Inc's 2019 payroll expenses are estimated to be at least $171,840.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $34,368 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stonetec, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $35,800
Business Information - Stonetec, Inc in Denver, CO
1175 South Huron Street
Denver, CO 80223
Business Industry:
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Denver
In the Denver area, 25 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 5) and received an average PPP loan of $410,703 (compared to this company's $35,800).
Similar Nearby Businesses Who Received PPP Funding:
HP Construction
Denver, CO
Zerr Enterprises, Inc
Denver, CO
CMC Group Inc
Denver, CO
Edifice Builders, Inc
Denver, CO
Palace Construction Co. Inc
Denver, CO
Fountaine Design Group, LTD
Denver, CO
Wall Management LLC
Denver, CO
Interior Alterations Inc
Denver, CO
Industry PPP Comparison Statistics
Nationwide, 65,383 businesses in the "Commercial and Institutional Building Construction" industry received a total of $11,945,874,937.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 180% higher than Stonetec, Inc's reported 5 employees, and received an average PPP loan of $182,706, 410% higher than this company's loan of $35,800.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
Have FederalPay.org's open data tools been valuable? Consider donating!