PPP Loan Data — Thoutt Bros Concrete Contractors Inc, Denver, CO
Thoutt Bros Concrete Contractors Inc is a corporation located at 5460 Tennyson Street in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Celtic Bank Corporation
Thoutt Bros Concrete Contractors Inc in Denver, CO received a Paycheck Protection Loan of $2M through Celtic Bank Corporation, which was approved in May, 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, Thoutt Bros Concrete Contractors Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 263 jobs retained, this equals an estimated average yearly compensation of $36,502 per employee1
Reported PPP Proceed Usage:
On the PPP application, Thoutt Bros Concrete Contractors Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Thoutt Bros Concrete Contractors Inc in Denver, CO
5460 Tennyson Street
Denver, CO 80212
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Denver
In the Denver area, 17 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 263) and received an average PPP loan of $164,663 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Priority Contracting And Roofing Of
Restoration Union LLC
Kenneth C Howell III
Apex Irrigation LLC
Fresquez Construction & Hauling
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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 8 employees, 97% lower than Thoutt Bros Concrete Contractors Inc's reported 263 employees, and received an average PPP loan of $86,076, 96% lower than this company's loan of $2M.
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Footnotes & Information
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