PPP Loan Data — Puff N Stuff Vapor, Evansville, IN
Puff N Stuff Vapor
Entity: Sole Proprietorship
Location: Evansville, INTweet This • Search All PPP Data
Puff N Stuff Vapor is a sole proprietorship located at 2163 East Morgan Avenue in Evansville, Indiana that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Puff N Stuff Vapor in Evansville, IN received a Paycheck Protection Loan of $25,100 through Heritage FCU, 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 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, Puff N Stuff Vapor's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, Puff N Stuff Vapor reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Puff N Stuff Vapor in Evansville, IN
2163 East Morgan Avenue
Evansville, IN 47711
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Evansville
In the Evansville area, 22 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $23,884 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Tekoppel Block Company
HMR Enterprises Inc
JEF Enterprises Inc
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B 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 4 employees, 33% higher than Puff N Stuff Vapor's reported 3 employees, and received an average PPP loan of $34,329, 37% higher than this company's loan of $25,100.
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Footnotes & Information
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