PPP Loan Data — Thryve LLC, Denver, CO
Thryve LLC is a limited liability company (LLC) located at 7700 W Virginia Ave Unit C in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $25,042.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of Colorado
Thryve LLC in Denver, CO received a Paycheck Protection Loan of $25,042 through Bank of Colorado, 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, Thryve LLC's 2019 payroll expenses are estimated to be at least $120,202.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,067 per employee1
Reported PPP Proceed Usage:
On the PPP application, Thryve LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,042
Business Information - Thryve LLC in Denver, CO
7700 W Virginia Ave Unit C
Denver, CO 80226
Diet and Weight Reducing Centers
NAICS code 812191
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Denver
In the Denver area, 2 businesses in the "Diet and Weight Reducing Centers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $13,074 (compared to this company's $25,042).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 3,299 businesses in the "Diet and Weight Reducing Centers" industry received a total of $95.99M 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 5 employees, 67% higher than Thryve LLC's reported 3 employees, and received an average PPP loan of $29,098, 16% higher than this company's loan of $25,042.
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Footnotes & Information
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