PPP Loan Data — Tasman Geosciences, Inc, Broomfield, CO
Tasman Geosciences, Inc
Entity: Subchapter S Corporation
Location: Broomfield, COTweet This • Search All PPP Data
Tasman Geosciences, Inc is a subchapter s corporation located at 6855 W 119th Street in Broomfield, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,058,077.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Tasman Geosciences, Inc in Broomfield, CO received a Paycheck Protection Loan of $2.06M through InBank, 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 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, Tasman Geosciences, Inc's 2019 payroll expenses are estimated to be at least $9.88M.
Based on their reported 144 jobs retained, this equals an estimated average yearly compensation of $68,603 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tasman Geosciences, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,646,462
- Mortgage Interest: $205,808
- Rent: $205,807
Business Information - Tasman Geosciences, Inc in Broomfield, CO
6855 W 119th Street
Broomfield, CO 80020
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Broomfield
In the Broomfield area, 46 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 144) and received an average PPP loan of $244,199 (compared to this company's $2.06M).
Similar Nearby Businesses Who Received PPP Funding:
Zokoo Technology, LLC
Tuggle Designs LTD
O'kelly & Assoc
Matt Grennan Designs Inc
Litmus Blue, LLC
Industry PPP Comparison Statistics
Nationwide, 129,763 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.41B 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, 97% lower than Tasman Geosciences, Inc's reported 144 employees, and received an average PPP loan of $57,091, 97% lower than this company's loan of $2.06M.
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Footnotes & Information
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