PPP Loan Data — S.s. Vacuum Cleaners, Inc. DBA Service All Vacuum Co, Fort Wayne, IN
S.s. Vacuum Cleaners, Inc. DBA Service All Vacuum Co is a subchapter s corporation located at 1029 E Dupont Rd in Fort Wayne, Indiana that received a Coronavirus-related PPP loan from the SBA of $25,010.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
S.s. Vacuum Cleaners, Inc. DBA Service All Vacuum Co in Fort Wayne, IN received a Paycheck Protection Loan of $25,010 through JPMorgan Chase Bank, National Association, which was approved in May, 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 June, 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, S.s. Vacuum Cleaners, Inc. DBA Service All Vacuum Co's 2019 payroll expenses are estimated to be at least $120,048.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,016 per employee1
Reported PPP Proceed Usage:
On the PPP application, S.s. Vacuum Cleaners, Inc. DBA Service All Vacuum Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,010
Business Information - S.s. Vacuum Cleaners, Inc. DBA Service All Vacuum Co in Fort Wayne, IN
1029 E Dupont Rd
Fort Wayne, IN 46825
Appliance Repair and Maintenance
NAICS code 811412
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 9,602 businesses in the "Appliance Repair and Maintenance" industry received a total of $368.97M 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 5 employees, 67% higher than S.s. Vacuum Cleaners, Inc. DBA Service All Vacuum Co's reported 3 employees, and received an average PPP loan of $38,427, 54% higher than this company's loan of $25,010.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!