PPP Loan Data — VAC-Con, Inc., Green Cove Springs, FL
VAC-Con, Inc. is a subchapter s corporation located at 969 Hall Park Drive in Green Cove Springs, Florida that received a Coronavirus-related PPP loan from the SBA of $4,255,507.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF THE WEST
VAC-Con, Inc. in Green Cove Springs, FL received a Paycheck Protection Loan of $4.26M through BANK OF THE WEST, which was approved in April, 2020.
Based on standard PPP eligibility rules, VAC-Con, Inc.'s total 2019 payroll expenses were approximately $20.43M in order to qualify for the PPP loan amount received.
Based on their reported 326 jobs retained, this equals an estimated average yearly compensation of $62,658 per employee1.
Business Information - VAC-Con, Inc. in Green Cove Springs, FL
969 Hall Park Drive
Green Cove Springs, FL 32043
Other Industrial Machinery Manufacturing (NAICS code 333249)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-03
Industry PPP Comparison Statistics
Nationwide, 2,172 businesses in the "Other Industrial Machinery Manufacturing" industry received a total of $695,492,915.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 93% lower than VAC-Con, Inc.'s reported 326 employees, and received an average PPP loan of $320,209, 92% lower than this company's loan of $4.26M.
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Footnotes & Information
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