PPP Loan Data — Swimlane, Inc, Louisville, CO
Swimlane, Inc is a corporation located at 363 Centennial Parkway Suite 210 in Louisville, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,769,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:CIBC Bank USA
Swimlane, Inc in Louisville, CO received a Paycheck Protection Loan of $1.77M through CIBC Bank USA, 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 February, 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, Swimlane, Inc's 2019 payroll expenses are estimated to be at least $8.5M.
Based on their reported 104 jobs retained, this equals an estimated average yearly compensation of $81,683 per employee1
Reported PPP Proceed Usage:
On the PPP application, Swimlane, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,769,800
Business Information - Swimlane, Inc in Louisville, CO
363 Centennial Parkway Suite 210
Louisville, CO 80027
NAICS code 511210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Louisville
In the Louisville area, 20 businesses in the "Software Publishers" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 104) and received an average PPP loan of $196,815 (compared to this company's $1.77M).
Similar Nearby Businesses Who Received PPP Funding:
Trio Health Advisory, Inc
Simplified Computer Solutions Inc
Industry PPP Comparison Statistics
Nationwide, 13,466 businesses in the "Software Publishers" industry received a total of $2.73B 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 13 employees, 88% lower than Swimlane, Inc's reported 104 employees, and received an average PPP loan of $202,819, 89% lower than this company's loan of $1.77M.
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Footnotes & Information
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