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PPP Loan Data — Summit Resources LLC, Denver, CO

SBA PPP loan data, payroll data, and salaries for Summit Resources LLC
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:

$4.75M

Jobs Retained:

250

Loan Approved:

2020-04-07

Lender:

FIRSTBANK

Summit 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.

Because the loan received by Summit Resources LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Summit Resources LLC in Denver, CO

Summit Resources LLC
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-01

Similar 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).

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/summit-resources-llc-denver-co