PPP Loan Data — Tennyson Center For Children At Colorado Christian Home, Denver, CO
Tennyson Center For Children At Colorado Christian Home is a professional association located at 2950 Tennyson St in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,896,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Tennyson Center For Children At Colorado Christian Home in Denver, CO received a Paycheck Protection Loan of $1.9M through FirstBank, which was approved in April, 2020.
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, Tennyson Center For Children At Colorado Christian Home's 2019 payroll expenses are estimated to be at least $9.1M.
Based on their reported 259 jobs retained, this equals an estimated average yearly compensation of $35,140 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tennyson Center For Children At Colorado Christian Home reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,896,100
Business Information - Tennyson Center For Children At Colorado Christian Home in Denver, CO
2950 Tennyson St
Denver, CO 80212
Other Grantmaking and Giving Services
NAICS code 813219
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Denver
In the Denver area, 6 businesses in the "Other Grantmaking and Giving Services" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 259) and received an average PPP loan of $343,891 (compared to this company's $1.9M).
Similar Nearby Businesses Who Received PPP Funding:
The Denver Justice And Peace Committee Education Fund
Denver Asset Building Coalition
The Womens Bakery
Celebrate The Beat
Industry PPP Comparison Statistics
Nationwide, 9,799 businesses in the "Other Grantmaking and Giving Services" industry received a total of $1.32B 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 15 employees, 94% lower than Tennyson Center For Children At Colorado Christian Home's reported 259 employees, and received an average PPP loan of $134,570, 93% lower than this company's loan of $1.9M.
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Footnotes & Information
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