PPP Loan Data — TRU Community Care, Lafayette, CO
TRU Community Care
Entity: Non-profit Organization
Location: Lafayette, COTweet This • Search All PPP Data
TRU Community Care is a non-profit organization located at 2594 Trailridge Drive East in Lafayette, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,550,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Sunflower Bank, National Association
TRU Community Care in Lafayette, CO received a Paycheck Protection Loan of $2.55M through Sunflower Bank, National Association, 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, TRU Community Care's 2019 payroll expenses are estimated to be at least $12.24M.
Based on their reported 170 jobs retained, this equals an estimated average yearly compensation of $72,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, TRU Community Care reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,550,000
Business Information - TRU Community Care in Lafayette, CO
2594 Trailridge Drive East
Lafayette, CO 80026
Services for the Elderly and Persons with Disabilities
NAICS code 624120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lafayette
In the Lafayette area, 6 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 170) and received an average PPP loan of $574,680 (compared to this company's $2.55M).
Similar Nearby Businesses Who Received PPP Funding:
Tailored Lifestyles LLC
Behavior Services Of The Rockies
Lending A Hand LTD
Flatirons Flexcare For Seniors LLC
Happy Homes Management Services Inc
Industry PPP Comparison Statistics
Nationwide, 13,270 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $2.13B 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 27 employees, 84% lower than TRU Community Care's reported 170 employees, and received an average PPP loan of $160,784, 94% lower than this company's loan of $2.55M.
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Footnotes & Information
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