PPP Loan Data — The Visual Edge Signs & Design, Inc, Englewood, CO
The Visual Edge Signs & Design, Inc is a subchapter s corporation located at 6675 S. Kenton St in Englewood, Colorado that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
The company has reported itself as a White male veteran owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:KeyBank National Association
The Visual Edge Signs & Design, Inc in Englewood, CO received a Paycheck Protection Loan of $24,900 through KeyBank National Association, 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 December, 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, The Visual Edge Signs & Design, Inc's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,840 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Visual Edge Signs & Design, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - The Visual Edge Signs & Design, Inc in Englewood, CO
6675 S. Kenton St
Englewood, CO 80111
NAICS code 339950
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Englewood
In the Englewood area, 19 businesses in the "Sign Manufacturing" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 3) and received an average PPP loan of $104,476 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
DTC Signs & Graphics
Front Range Sign And Storage, LLC
The Visual Edge Signs & Design Inc
Magnify Signs LLC
On Wings Inc
Industry PPP Comparison Statistics
Nationwide, 9,571 businesses in the "Sign Manufacturing" industry received a total of $1.05B 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 11 employees, 267% higher than The Visual Edge Signs & Design, Inc's reported 3 employees, and received an average PPP loan of $109,484, 340% higher than this company's loan of $24,900.
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Footnotes & Information
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