PPP Loan Data — V Flea, Goodyear, AZ
V Flea is a limited liability company (LLC) located at 15325 W Roanoke Ave in Goodyear, Arizona that received a Coronavirus-related PPP loan from the SBA of $25,497.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Square Capital, LLC
V Flea in Goodyear, AZ received a Paycheck Protection Loan of $25,497 through Square Capital, LLC, 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, V Flea's 2019 payroll expenses are estimated to be at least $122,386.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $61,193 per employee1
Reported PPP Proceed Usage:
On the PPP application, V Flea reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,123
- Utilities: $3,187
- Mortgage Interest: $3,187
Business Information - V Flea in Goodyear, AZ
15325 W Roanoke Ave
Goodyear, AZ 85395
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Goodyear
In the Goodyear area, 13 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 2) and received an average PPP loan of $16,563 (compared to this company's $25,497).
Similar Nearby Businesses Who Received PPP Funding:
Sicilian Sons LLC
Maximum Win Win, LLC
Universal Pool Plastering LLC
Danial Hedstrom, PLLC
Tip-Top Enterprises, LLC
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 400% higher than V Flea's reported 2 employees, and received an average PPP loan of $42,878, 68% higher than this company's loan of $25,497.
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Footnotes & Information
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