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PPP Loan Data — Summit Resources LLC,
Denver, CO
Summit Resources LLC
Entity: Limited Liability Company (LLC)
Industry: Other Activities Related to Real Estate
Location: Denver, CO
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Summit Resources LLC is a limited liability company (LLC) located at 3300 E 1st Ave Ste 480 in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $4,748,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 250 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
250Loan Approved:
2020-04-07Lender:
FIRSTBANKSummit Resources LLC in Denver, CO received a Paycheck Protection Loan of $4.75M through FIRSTBANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Summit Resources LLC's total 2019 payroll expenses were approximately $22.79M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $91,162 per employee1.
Business Information - Summit Resources LLC in Denver, CO
3300 E 1st Ave Ste 480
Denver, CO 80206
Business Industry
Other Activities Related to Real Estate (NAICS code 531390)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: CO-01Similar Companies near Denver
In the Denver area, 48 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 250) and received an average PPP loan of $134,943 (compared to this company's $4.75M).
Similar Nearby Businesses Who Received PPP Funding:
GDF Elevation, LLC
Denver, CO
T&C Asset Management, LLC
Denver, CO
Thomas Hart
Denver, CO
Prism Real Estate & Development Inc
Denver, CO
West Rock Realty, LLC
Denver, CO
Justin Moser
Denver, CO
Brian Furer Enterprises LLC
Denver, CO
Fredrick D Glick
Denver, CO
Smithjones Partners LLC
Denver, CO
Industry PPP Comparison Statistics
Nationwide, 36,088 businesses in the "Other Activities Related to Real Estate" industry received a total of $2,270,983,687.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 98% lower than Summit Resources LLC's reported 250 employees, and received an average PPP loan of $62,929, 99% lower than this company's loan of $4.75M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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.
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