PPP Loan Data — Zachary K Barber PC, Longmont, CO
Zachary K Barber PC is a subchapter s corporation located at 1510 Tanager Pl in Longmont, Colorado that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Zachary K Barber PC in Longmont, CO received a Paycheck Protection Loan of $25,000 through BBVA USA, which was approved in May, 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 June, 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, Zachary K Barber PC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Zachary K Barber PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $23,000
- Utilities: $1,000
- Rent: $1,000
Business Information - Zachary K Barber PC in Longmont, CO
1510 Tanager Pl
Longmont, CO 80504
Offices of Certified Public Accountants
NAICS code 541211
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Longmont
In the Longmont area, 13 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $24,833 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
J Stotts Reynolds CPA PC
Kristi L. Hattig CPA LLC
Donald T Young CPA LLC
O'donnell & Dennis, CPA's, LLC
Green & Associates LLC
Bachman & Company CPA PC
TIC N Tie Accounting Inc
Industry PPP Comparison Statistics
Nationwide, 57,013 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B 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 6 employees, 50% higher than Zachary K Barber PC's reported 4 employees, and received an average PPP loan of $73,772, 195% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!