PPP Loan Data — Third Way Center, Inc, Denver, CO
Third Way Center, Inc is a non-profit organization located at 455 Acoma St in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,532,100.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least 185 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Community Banks of Colorado, A Division of
Third Way Center, Inc in Denver, CO received a Paycheck Protection Loan of $1.53M through Community Banks of Colorado, A Division of, 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, Third Way Center, Inc's 2019 payroll expenses are estimated to be at least $7.35M.
Based on their reported 185 jobs retained, this equals an estimated average yearly compensation of $39,752 per employee1
Reported PPP Proceed Usage:
On the PPP application, Third Way Center, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,532,100
Business Information - Third Way Center, Inc in Denver, CO
455 Acoma St
Denver, CO 80204
NAICS code 624221
Business Owner Demographics
Gender: Male Owned
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, 7 businesses in the "Temporary Shelters" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 185) and received an average PPP loan of $348,930 (compared to this company's $1.53M).
Similar Nearby Businesses Who Received PPP Funding:
The Delores Project
The St. Francis Center
New Genesis Inc
Sacred Heart House Of Denver
Industry PPP Comparison Statistics
Nationwide, 2,076 businesses in the "Temporary Shelters" industry received a total of $349.6M 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 24 employees, 87% lower than Third Way Center, Inc's reported 185 employees, and received an average PPP loan of $168,403, 89% lower than this company's loan of $1.53M.
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Footnotes & Information
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