PPP Loan Data — Superb Contractors LLC, Durango, CO
Superb Contractors LLC
Entity: Limited Liability Company (LLC)
Location: Durango, COTweet This • Search All PPP Data
Superb Contractors LLC is a limited liability company (LLC) located at 1255 Escalante Dr. in Durango, Colorado that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of Colorado
Superb Contractors LLC in Durango, CO received a Paycheck Protection Loan of $24,900 through Bank of Colorado, 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 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, Superb Contractors LLC's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $19,920 per employee1
Reported PPP Proceed Usage:
On the PPP application, Superb Contractors LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $23,400
- Rent: $1,500
Business Information - Superb Contractors LLC in Durango, CO
1255 Escalante Dr.
Durango, CO 81303
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Durango
In the Durango area, 16 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 6) and received an average PPP loan of $34,674 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Kord A Purcell
Woodbridge Construction LLC
Ferris Woodwork LLC
Brass Ring, Inc
Sachs Construction, LLC
Colorado Custom Dwellings, LLC
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 17% lower than Superb Contractors LLC's reported 6 employees, and received an average PPP loan of $45,182, 81% higher than this company's loan of $24,900.
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Footnotes & Information
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