PPP Loan Data — Vancil Corporation DBA Cabinets By Vancil, Apple Valley, CA
Vancil Corporation DBA Cabinets By Vancil is a corporation located at 22355 Powhatan Rd Ste D4 in Apple Valley, California that received a Coronavirus-related PPP loan from the SBA of $25,197.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Vancil Corporation DBA Cabinets By Vancil in Apple Valley, CA received a Paycheck Protection Loan of $25,197 through Quontic Bank, which was approved in May, 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, Vancil Corporation DBA Cabinets By Vancil's 2019 payroll expenses are estimated to be at least $120,946.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,315 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vancil Corporation DBA Cabinets By Vancil reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,197
Business Information - Vancil Corporation DBA Cabinets By Vancil in Apple Valley, CA
22355 Powhatan Rd Ste D4
Apple Valley, CA 92308
Recyclable Material Merchant Wholesalers
NAICS code 423930
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 7,225 businesses in the "Recyclable Material Merchant Wholesalers" industry received a total of $953.32M 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 14 employees, 367% higher than Vancil Corporation DBA Cabinets By Vancil's reported 3 employees, and received an average PPP loan of $131,947, 424% higher than this company's loan of $25,197.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!