PPP Loan Data — Vanguard Holding Company Inc, Aberdeen, SD
Vanguard Holding Company Inc is a corporation located at 223 8th Ave Nw Ste 1 in Aberdeen, South Dakota that received a Coronavirus-related PPP loan from the SBA of $1,789,300.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least 145 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Dakota National Bank
Vanguard Holding Company Inc in Aberdeen, SD received a Paycheck Protection Loan of $1.79M through First Dakota National Bank, which was approved in January, 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, Vanguard Holding Company Inc's 2019 payroll expenses are estimated to be at least $8.59M.
Based on their reported 145 jobs retained, this equals an estimated average yearly compensation of $59,232 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vanguard Holding Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,789,297
- Utilities: $1
Business Information - Vanguard Holding Company Inc in Aberdeen, SD
223 8th Ave Nw Ste 1
Aberdeen, SD 57401
NAICS code 722511
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Aberdeen
In the Aberdeen area, 41 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 145) and received an average PPP loan of $167,444 (compared to this company's $1.79M).
Similar Nearby Businesses Who Received PPP Funding:
Aberdeen Mavericks, LLC
Scotty's Drive Inn Bar & Grill
Tokyo Sushi And Steakhouse
Stacy Gossman DBA Big Fellas Bar & Grill
Tokyo Sushi & Steakhouse LLC
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 85% lower than Vanguard Holding Company Inc's reported 145 employees, and received an average PPP loan of $129,504, 93% lower than this company's loan of $1.79M.
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Footnotes & Information
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