PPP Loan Data — Vietbino, LLC, Houston, TX
Vietbino, LLC is a limited liability company (LLC) located at 1824 Spring Street, Ste. 110 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $25,130.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Vietbino, LLC in Houston, TX received a Paycheck Protection Loan of $25,130 through Allegiance 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 May, 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, Vietbino, LLC's 2019 payroll expenses are estimated to be at least $120,624.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,208 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vietbino, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,130
Business Information - Vietbino, LLC in Houston, TX
1824 Spring Street, Ste. 110
Houston, TX 77007
NAICS code 541810
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 23 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 3) and received an average PPP loan of $307,798 (compared to this company's $25,130).
Similar Nearby Businesses Who Received PPP Funding:
Media Gurus, Inc
Phillips Advertising Inc
Spark, Wright & Colgin, Inc
Eclectic Productions Inc
Herring & Pirtle Inc
Right Turn Marketing, LLC
Whole Wheat Creative Inc
Love Advertising Inc
Industry PPP Comparison Statistics
Nationwide, 24,012 businesses in the "Advertising Agencies" industry received a total of $2.39B 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 7 employees, 133% higher than Vietbino, LLC's reported 3 employees, and received an average PPP loan of $99,714, 297% higher than this company's loan of $25,130.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!