PPP Loan Data — Cajun Vending LLC, Arlington, TN
Cajun Vending LLC is a limited liability company (LLC) located at 10253 in Arlington, Tennessee that received a Coronavirus-related PPP loan from the SBA of $46,970.00 in January, 2021.
The company has reported itself as a White male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Itria Ventures LLC
Cajun Vending LLC in Arlington, TN received a Paycheck Protection Loan of $46,970 through Itria Ventures LLC, which was approved in January, 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, Cajun Vending LLC's 2019 payroll expenses are estimated to be at least $225,456.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,576 per employee1
Reported PPP Proceed Usage:
On the PPP application, Cajun Vending LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,966
- Utilities: $1
Business Information - Cajun Vending LLC in Arlington, TN
Arlington, TN 38002
Vending Machine Operators
NAICS code 454210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Arlington
In the Arlington area, 2 businesses in the "Vending Machine Operators" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 6) and received an average PPP loan of $51,085 (compared to this company's $46,970).
Similar Nearby Businesses Who Received PPP Funding:
Cajun Vending, LLC
Industry PPP Comparison Statistics
Nationwide, 5,683 businesses in the "Vending Machine Operators" industry received a total of $306.05M 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, the same amount reported by Cajun Vending LLC and received an average PPP loan of $53,853, 15% higher than this company's loan of $46,970.
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Footnotes & Information
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