PPP Loan Data — Trust-Boston Market Corp, Lakewood, CO
Trust-Boston Market Corp is a trust located at 14103 Denver West Parkway in Lakewood, Colorado that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Trust-Boston Market Corp in Lakewood, CO received a Paycheck Protection Loan of $10M through Meridian Bank, 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, Trust-Boston Market Corp's 2019 payroll expenses are estimated to be at least $48M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Trust-Boston Market Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $10,000,000
Business Information - Trust-Boston Market Corp in Lakewood, CO
14103 Denver West Parkway
Lakewood, CO 80401
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lakewood
In the Lakewood area, 23 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 500) and received an average PPP loan of $1,048,667 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Rockin Bakken Pizza Co LLC
Golden Snarf LLC
Le Peep Of Denver West, LLC
Bonfire Burritos LLC
Le Peep Of Denver West LLC
Bean Fosters LLC
Industry PPP Comparison Statistics
Nationwide, 128,172 businesses in the "Limited-Service Restaurants" industry received a total of $13.48B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 96% lower than Trust-Boston Market Corp's reported 500 employees, and received an average PPP loan of $105,180, 99% lower than this company's loan of $10M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!