PPP Loan Data — Vapor Ville LLC, Phenix City, AL
Vapor Ville LLC is a limited liability company (LLC) located at 2700 Us Highway 80 in Phenix City, Alabama that received a Coronavirus-related PPP loan from the SBA of $46,575.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Vapor Ville LLC in Phenix City, AL received a Paycheck Protection Loan of $46,575 through Synovus 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 June, 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, Vapor Ville LLC's 2019 payroll expenses are estimated to be at least $223,560.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,356 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vapor Ville LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,575
Business Information - Vapor Ville LLC in Phenix City, AL
2700 Us Highway 80
Phenix City, AL 36870
Tobacco and Tobacco Product Merchant Wholesalers
NAICS code 424940
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 1,553 businesses in the "Tobacco and Tobacco Product Merchant Wholesalers" industry received a total of $125.87M 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, the same amount reported by Vapor Ville LLC and received an average PPP loan of $81,049, 74% higher than this company's loan of $46,575.
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Footnotes & Information
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