PPP Loan Data — Vessco Holding, LLC, Chanhassen, MN
Vessco Holding, LLC
Entity: Limited Liability Company (LLC)
Industry: Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
Location: Chanhassen, MNTweet This • Search All PPP Data
Vessco Holding, LLC is a limited liability company (LLC) located at 8217 Upland Cir in Chanhassen, Minnesota that received a Coronavirus-related PPP loan from the SBA of $2,960,200.00 in April, 2020.
$ PPP Loan Information
Vessco Holding, LLC received a Paycheck Protection Loan of $2.96M through MBANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Vessco Holding, LLC's total 2019 payroll expenses were approximately $14.21M in order to qualify for the PPP loan amount received.
Based on their reported 166 jobs retained, this equals an estimated average yearly compensation of $85,596 per employee1.
Business Information - Vessco Holding, LLC in Chanhassen, MN
8217 Upland Cir
Chanhassen, MN 55317
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-03
Similar Companies near Chanhassen
In the Chanhassen area, 2 businesses in the "Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 128 employees (compared to this company's 166) and received an average PPP loan of $2,083,050 (compared to this company's $2.96M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 4,322 businesses in the "Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" industry received a total of $994,969,830.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 15 employees, 91% lower than Vessco Holding, LLC's reported 166 employees, and received an average PPP loan of $230,211, 92% lower than this company's loan of $2.96M.
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Footnotes & Information
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