PPP Loan Data — Total Welding, Inc, Littleton, CO
Total Welding, Inc
Entity: Subchapter S Corporation
Location: Littleton, COTweet This • Search All PPP Data
Total Welding, Inc is a subchapter s corporation located at 9741 Titan Park Circle in Littleton, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,621,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First-Citizens Bank & Trust Company
Total Welding, Inc in Littleton, CO received a Paycheck Protection Loan of $1.62M through First-Citizens Bank & Trust Company, 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, Total Welding, Inc's 2019 payroll expenses are estimated to be at least $7.78M.
Based on their reported 100 jobs retained, this equals an estimated average yearly compensation of $77,827 per employee1
Reported PPP Proceed Usage:
On the PPP application, Total Welding, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,621,400
Business Information - Total Welding, Inc in Littleton, CO
9741 Titan Park Circle
Littleton, CO 80125
Other Foundation, Structure, and Building Exterior Contractors
NAICS code 238190
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Littleton
In the Littleton area, 3 businesses in the "Other Foundation, Structure, and Building Exterior Contractors" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 100) and received an average PPP loan of $575,278 (compared to this company's $1.62M).
Similar Nearby Businesses Who Received PPP Funding:
Highlands Ranch, CO
Industry PPP Comparison Statistics
Nationwide, 11,071 businesses in the "Other Foundation, Structure, and Building Exterior Contractors" industry received a total of $855.1M 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 7 employees, 93% lower than Total Welding, Inc's reported 100 employees, and received an average PPP loan of $77,238, 95% lower than this company's loan of $1.62M.
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Footnotes & Information
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