PPP Loan Data — Value Added Distributors, LLC, Sun Prairie, WI
Value Added Distributors, LLC is a limited liability company (LLC) located at 431 Linnerud Dr in Sun Prairie, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $1,841,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Value Added Distributors, LLC in Sun Prairie, WI received a Paycheck Protection Loan of $1.84M through Johnson 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 December, 2020.
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, Value Added Distributors, LLC's 2019 payroll expenses are estimated to be at least $8.84M.
Based on their reported 194 jobs retained, this equals an estimated average yearly compensation of $45,560 per employee1
Reported PPP Proceed Usage:
On the PPP application, Value Added Distributors, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,381,050
- Mortgage Interest: $460,350
Business Information - Value Added Distributors, LLC in Sun Prairie, WI
431 Linnerud Dr
Sun Prairie, WI 53590
Industrial Supplies Merchant Wholesalers
NAICS code 423840
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sun Prairie
In the Sun Prairie area, 3 businesses in the "Industrial Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 74 employees (compared to this company's 194) and received an average PPP loan of $705,967 (compared to this company's $1.84M).
Similar Nearby Businesses Who Received PPP Funding:
OEM Products LLC
Sun Prairie, WI
Industry PPP Comparison Statistics
Nationwide, 6,397 businesses in the "Industrial Supplies Merchant Wholesalers" industry received a total of $1.02B 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 13 employees, 93% lower than Value Added Distributors, LLC's reported 194 employees, and received an average PPP loan of $160,215, 91% lower than this company's loan of $1.84M.
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Footnotes & Information
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