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PPP Loan Data — Ymca Of The Rockies, Estes Park, CO

ALERT: There are 2 PPP loans for a total of $5.54M in our database for businesses with the name "Ymca Of The Rockies" in Estes Park, CO. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Ymca Of The Rockies
CO Nonprofit Organization

Ymca Of The Rockies

Entity: Non-profit Organization

Industry: Recreational and Vacation Camps (except Campgrounds)

Location: Estes Park, CO

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Ymca Of The Rockies is a non-profit organization located at 2515 Tunnel Rd in Estes Park, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.

$ PPP Loan Information
Loan #2164658504

Loan Size:

$2M

Jobs Retained:

170

Loan Approved:

2021-02-20

Loan Status:

Ongoing Loan

Lender:

Bank of Colorado

Ymca Of The Rockies in Estes Park, CO received a Paycheck Protection Loan of $2M through Bank of Colorado, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Ymca Of The Rockies' 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 170 jobs retained, this equals an estimated average yearly compensation of $56,471 per employee1

Reported PPP Proceed Usage:

On the PPP application, Ymca Of The Rockies reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,997
  • Utilities: $1
Because the loan received by Ymca Of The Rockies is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Ymca Of The Rockies in Estes Park, CO

Ymca Of The Rockies
2515 Tunnel Rd
Estes Park, CO 80511

Business Industry:
Recreational and Vacation Camps (except Campgrounds)
NAICS code 721214

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Larimer County, CO — SBA Office 0811 — Congressional District: CO-02

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as Ymca Of The Rockies.

James Reyna
Appliance Repair and Maintenance

$11,457 PPP Loan

Homegrown Yoga And Massage LLC
Other Personal Care Services

$14,235 PPP Loan

Similar Companies near Estes Park

In the Estes Park area, 2 businesses in the "Recreational and Vacation Camps (except Campgrounds)" industry received a PPP loan. These local businesses reported an average of 93 employees (compared to this company's 170) and received an average PPP loan of $1,058,251 (compared to this company's $2M).

Similar Nearby Businesses Who Received PPP Funding:

A Wanderlust Adventure, LLC
Bellvue, CO

$116,501 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,718 businesses in the "Recreational and Vacation Camps (except Campgrounds)" industry received a total of $563.02M 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 26 employees, 85% lower than Ymca Of The Rockies' reported 170 employees, and received an average PPP loan of $151,430, 92% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Ymca Of The Rockies
CO Nonprofit Organization

Ymca Of The Rockies

Entity: Non-profit Organization

Industry: Hotels (except Casino Hotels) and Motels

Location: Estes Park, CO

Search All PPP Data

Ymca Of The Rockies is a non-profit organization located at 2515 Tunnel Road in Estes Park, Colorado that received a Coronavirus-related PPP loan from the SBA of $3,544,216.00 in April, 2020.

$ PPP Loan Information
Loan #8826747105

Loan Size:

$3.54M

Jobs Retained:

322

Loan Approved:

2020-04-15

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of Colorado

Ymca Of The Rockies in Estes Park, CO received a Paycheck Protection Loan of $3.54M through Bank of Colorado, 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 April, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Ymca Of The Rockies' 2019 payroll expenses are estimated to be at least $17.01M.

Based on their reported 322 jobs retained, this equals an estimated average yearly compensation of $52,833 per employee1

Reported PPP Proceed Usage:

On the PPP application, Ymca Of The Rockies reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,544,216
Because the loan received by Ymca Of The Rockies is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Ymca Of The Rockies in Estes Park, CO

Ymca Of The Rockies
2515 Tunnel Road
Estes Park, CO 80511

Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Larimer County, CO — SBA Office 0811 — Congressional District: CO-02

Similar Companies near Estes Park

In the Estes Park area, 5 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 68 employees (compared to this company's 322) and received an average PPP loan of $725,888 (compared to this company's $3.54M).

Industry PPP Comparison Statistics

Nationwide, 81,995 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.92B 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 23 employees, 93% lower than Ymca Of The Rockies' reported 322 employees, and received an average PPP loan of $169,748, 95% lower than this company's loan of $3.54M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/ymca-of-the-rockies-estes-park-co