PPP Loan Data — The Vapor Emporium LLC, Nampa, ID
The Vapor Emporium LLC is a limited liability company (LLC) located at 16089 N Franklin Road Ste 3 in Nampa, Idaho that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Interstate Bank
The Vapor Emporium LLC in Nampa, ID received a Paycheck Protection Loan of $25,500 through First Interstate 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 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, The Vapor Emporium LLC's 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Vapor Emporium LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,500
Business Information - The Vapor Emporium LLC in Nampa, ID
16089 N Franklin Road Ste 3
Nampa, ID 83687
NAICS code 453991
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, 8,306 businesses in the "Tobacco Stores" industry received a total of $235.12M 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, the same amount reported by The Vapor Emporium LLC and received an average PPP loan of $28,307, 11% higher than this company's loan of $25,500.
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Footnotes & Information
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