PPP Loan Data — Telespine, Inc, Boulder, CO
Location: Boulder, COTweet This • Search All PPP Data
Telespine, Inc is a corporation located at 2516 Broadway St Ste 200 in Boulder, Colorado that received a Coronavirus-related PPP loan from the SBA of $46,250.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Telespine, Inc in Boulder, CO received a Paycheck Protection Loan of $46,250 through JPMorgan Chase Bank, National Association, 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 May, 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, Telespine, Inc's 2019 payroll expenses are estimated to be at least $222,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,500 per employee1
Reported PPP Proceed Usage:
On the PPP application, Telespine, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,000
- Utilities: $50
- Rent: $3,200
- Health Care: $6,000
Business Information - Telespine, Inc in Boulder, CO
2516 Broadway St Ste 200
Boulder, CO 80304
All Other Miscellaneous Ambulatory Health Care Services
NAICS code 621999
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Boulder
In the Boulder area, 13 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $32,254 (compared to this company's $46,250).
Similar Nearby Businesses Who Received PPP Funding:
Five Petals Health LLC
Boulder Peak Health PC
Haas Physical Therapy & Wellness
Evolve In Nature LLC
Ascent Mental Health LLC
Cynthia Ruggero, MD., PLLC
Treehouse Health LLC
Flatirons Natural Pet Market LLC
Industry PPP Comparison Statistics
Nationwide, 18,626 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a total of $1.65B 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 12 employees, 200% higher than Telespine, Inc's reported 4 employees, and received an average PPP loan of $88,620, 92% higher than this company's loan of $46,250.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!