PPP Loan Data — Vegas Cap 3, LLC, Henderson, NV
Vegas Cap 3, LLC is a limited liability company (LLC) located at 90 S. Stephanie St in Henderson, Nevada that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Vegas Cap 3, LLC in Henderson, NV received a Paycheck Protection Loan of $25,200 through Meadows 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 April, 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, Vegas Cap 3, LLC's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vegas Cap 3, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,900
- Utilities: $1,575
- Rent: $4,725
Business Information - Vegas Cap 3, LLC in Henderson, NV
90 S. Stephanie St
Henderson, NV 89012
NAICS code 722511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Henderson
In the Henderson area, 45 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 6) and received an average PPP loan of $105,712 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Larsen's Oxnard Grill Inc
Le Cafe Du Monde LLC
Naga Thai, Inc
The Pub LLC
Rosati's Of Henderson
Served Restaurant 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, 267% higher than Vegas Cap 3, LLC's reported 6 employees, and received an average PPP loan of $129,504, 414% higher than this company's loan of $25,200.
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Footnotes & Information
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