PPP Loan Data — Tristar Ventures, LLC, Boulder, CO
Tristar Ventures, LLC is a limited liability company (LLC) located at 7490 Clubhouse Rd in Boulder, Colorado that received a Coronavirus-related PPP loan from the SBA of $1,575,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cadence Bank, National Association
Tristar Ventures, LLC in Boulder, CO received a Paycheck Protection Loan of $1.58M through Cadence Bank, 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 January, 2021.
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, Tristar Ventures, LLC's 2019 payroll expenses are estimated to be at least $7.56M.
Based on their reported 359 jobs retained, this equals an estimated average yearly compensation of $21,065 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tristar Ventures, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,575,500
Business Information - Tristar Ventures, LLC in Boulder, CO
7490 Clubhouse Rd
Boulder, CO 80301
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Boulder
In the Boulder area, 213 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 359) and received an average PPP loan of $354,994 (compared to this company's $1.58M).
Similar Nearby Businesses Who Received PPP Funding:
13Th Street The Hill
Raglin Market Gunbarrel LLC
The Mediterranean Inc
950 Pearl Street, LLC
Food Group LLC
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 94% lower than Tristar Ventures, LLC's reported 359 employees, and received an average PPP loan of $129,504, 92% lower than this company's loan of $1.58M.
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Footnotes & Information
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