PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Vermillion Arts LLC, Seattle, WA

ALERT: There are 2 PPP loans for a total of $13,736 in our database for businesses with the name "Vermillion Arts LLC" in Seattle, WA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Vermillion Arts LLC
WA

Vermillion Arts LLC

Entity: Limited Liability Company (LLC)

Industry: Drinking Places (Alcoholic Beverages)

Location: Seattle, WA

Search All PPP Data

Vermillion Arts LLC is a limited liability company (LLC) located in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $8,036.00 in January, 2021.

$ PPP Loan Information
Loan #3787378308

Loan Size:

$8,036

Jobs Retained:

1

Loan Approved:

2021-01-22

Loan Status:

Ongoing Loan

Lender:

Coastal Community Bank

Vermillion Arts LLC in Seattle, WA received a Paycheck Protection Loan of $8,036 through Coastal Community Bank, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Vermillion Arts LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $8,036

Business Information - Vermillion Arts LLC in Seattle, WA

Vermillion Arts LLC
Seattle, WA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Drinking Places (Alcoholic Beverages)
NAICS code 722410

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

King County, WA — SBA Office 1013 — Congressional District: WA-07

Similar Companies near Seattle

In the Seattle area, 66 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 1) and received an average PPP loan of $97,069 (compared to this company's $8,036).

Industry PPP Comparison Statistics

Nationwide, 46,930 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a total of $2.81B 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 12 employees, 1100% higher than Vermillion Arts LLC's reported 1 employees, and received an average PPP loan of $59,863, 645% higher than this company's loan of $8,036.

SBA PPP loan data, payroll data, and salaries for Vermillion Arts LLC
WA

Vermillion Arts LLC

Entity: Limited Liability Company (LLC)

Industry: Drinking Places (Alcoholic Beverages)

Location: Seattle, WA

Search All PPP Data

Vermillion Arts LLC is a limited liability company (LLC) located in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $5,700.00 in August, 2020.

$ PPP Loan Information
Loan #5598158203

Loan Size:

$5,700

Jobs Retained:

1

Loan Approved:

2020-08-08

Loan Status:

Ongoing Loan

Lender:

Coastal Community Bank

Vermillion Arts LLC in Seattle, WA received a Paycheck Protection Loan of $5,700 through Coastal Community Bank, which was approved in August, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Vermillion Arts LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $5,700

Business Information - Vermillion Arts LLC in Seattle, WA

Vermillion Arts LLC
Seattle, WA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Drinking Places (Alcoholic Beverages)
NAICS code 722410

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

King County, WA — SBA Office 1013 — Congressional District: WA-07

Similar Companies near Seattle

In the Seattle area, 66 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 1) and received an average PPP loan of $97,069 (compared to this company's $5,700).

Industry PPP Comparison Statistics

Nationwide, 46,930 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a total of $2.81B 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 12 employees, 1100% higher than Vermillion Arts LLC's reported 1 employees, and received an average PPP loan of $59,863, 950% higher than this company's loan of $5,700.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/vermillion-arts-llc-seattle-wa