PPP Loan Data — Zook Contracting Inc, Monument, CO
Zook Contracting Inc
Location: Monument, COTweet This • Search All PPP Data
Zook Contracting Inc is a corporation located at 2855 Mount Herman Rd in Monument, Colorado that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Integrity Bank & Trust
Zook Contracting Inc in Monument, CO received a Paycheck Protection Loan of $25,000 through Integrity Bank & Trust, 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 February, 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, Zook Contracting Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Zook Contracting Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Zook Contracting Inc in Monument, CO
2855 Mount Herman Rd
Monument, CO 80132
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Monument
In the Monument area, 22 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $93,068 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Cliff Joyner Construction Company Inc
Master Bilt Homes, Inc
Palmer Lake, CO
JM Weston Homes LLC
Sharon M Searle
Tall Pines Builders, Inc
Construction By Genesis Inc
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 150% higher than Zook Contracting Inc's reported 2 employees, and received an average PPP loan of $45,182, 81% higher than this company's loan of $25,000.
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Footnotes & Information
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