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PPP Loan Data — Bonanza Beverage Company, Inc., Las Vegas, NV

SBA PPP loan data, payroll data, and salaries for Bonanza Beverage Company, Inc.
NV

Bonanza Beverage Company, Inc.

Entity: Subchapter S Corporation

Industry: Wine and Distilled Alcoholic Beverage Merchant Wholesalers

Location: Las Vegas, NV

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Bonanza Beverage Company, Inc. is a subchapter s corporation located at 6333 S Ensworth Street in Las Vegas, Nevada that received a Coronavirus-related PPP loan from the SBA of $2,683,500.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 193 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.68M

Jobs Retained:

193

Loan Approved:

2020-04-07

Lender:

ZIONS BANK, A DIVISION OF

Bonanza Beverage Company, Inc. in Las Vegas, NV received a Paycheck Protection Loan of $2.68M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, Bonanza Beverage Company, Inc.'s total 2019 payroll expenses were approximately $12.88M in order to qualify for the PPP loan amount received.

Based on their reported 193 jobs retained, this equals an estimated average yearly compensation of $66,740 per employee1.

Because the loan received by Bonanza Beverage Company, Inc. 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 - Bonanza Beverage Company, Inc. in Las Vegas, NV

Bonanza Beverage Company, Inc.
6333 S Ensworth Street
Las Vegas, NV 89119

Business Industry

Wine and Distilled Alcoholic Beverage Merchant Wholesalers (NAICS code 424820)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: NV-01

Similar Companies near Las Vegas

In the Las Vegas area, 6 businesses in the "Wine and Distilled Alcoholic Beverage Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 193) and received an average PPP loan of $612,809 (compared to this company's $2.68M).

Industry PPP Comparison Statistics

Nationwide, 2,169 businesses in the "Wine and Distilled Alcoholic Beverage Merchant Wholesalers" industry received a total of $385,965,966.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 14 employees, 93% lower than Bonanza Beverage Company, Inc.'s reported 193 employees, and received an average PPP loan of $177,947, 93% lower than this company's loan of $2.68M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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/bonanza-beverage-company-inc-las-vegas-nv