PPP Loan Data — Cameron's Warehouse Liquors Inc, Inver Grove Heights, MN
Cameron's Warehouse Liquors Inc is a corporation located at 6533 Concord Blvd E in Inver Grove Heights, Minnesota that received a Coronavirus-related PPP loan from the SBA of $45,944.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Vermillion State Bank
Cameron's Warehouse Liquors Inc in Inver Grove Heights, MN received a Paycheck Protection Loan of $45,944 through Vermillion State Bank, 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 March, 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, Cameron's Warehouse Liquors Inc's 2019 payroll expenses are estimated to be at least $220,531.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,566 per employee1
Reported PPP Proceed Usage:
On the PPP application, Cameron's Warehouse Liquors Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $34,458
- Utilities: $2,000
- Rent: $9,486
Business Information - Cameron's Warehouse Liquors Inc in Inver Grove Heights, MN
6533 Concord Blvd E
Inver Grove Heights, MN 55076
Beer, Wine, and Liquor Stores
NAICS code 445310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Inver Grove Heights
In the Inver Grove Heights area, 3 businesses in the "Beer, Wine, and Liquor Stores" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 8) and received an average PPP loan of $22,334 (compared to this company's $45,944).
Similar Nearby Businesses Who Received PPP Funding:
J&J Vogt, Inc
Inver Grove, MN
A & M Liquors Inc
Inver Grove Heights, MN
Industry PPP Comparison Statistics
Nationwide, 19,110 businesses in the "Beer, Wine, and Liquor Stores" industry received a total of $604.2M 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, 25% lower than Cameron's Warehouse Liquors Inc's reported 8 employees, and received an average PPP loan of $31,617, 31% lower than this company's loan of $45,944.
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Footnotes & Information
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