PPP Loan Data — Vimco, Inc., King Of Prussia, PA
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Vimco, Inc. is a corporation located at 300 Hansen Access Rd in King Of Prussia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,501,000.00 in April, 2020.
$ PPP Loan Information
Lender:WILMINGTON SAVINGS FUND SOCIETY, FSB
Vimco, Inc. received a Paycheck Protection Loan of $2.5M through WILMINGTON SAVINGS FUND SOCIETY, FSB, which was approved in April, 2020.
Based on standard PPP eligibility rules, Vimco, Inc.'s total 2019 payroll expenses were approximately $12M in order to qualify for the PPP loan amount received.
Based on their reported 190 jobs retained, this equals an estimated average yearly compensation of $63,183 per employee1.
Business Information - Vimco, Inc. in King Of Prussia, PA
300 Hansen Access Rd
King Of Prussia, PA 19406
Brick, Stone, and Related Construction Material Merchant Wholesalers (NAICS code 423320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-04
Similar Companies near King Of Prussia
In the King Of Prussia area, 3 businesses in the "Brick, Stone, and Related Construction Material Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 63 employees (compared to this company's 190) and received an average PPP loan of $914,477 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
Mohawk Tile And Marble Distributors-Sba Small 7A Term
King Of Prussia, PA
Cava International Marble And Granite Inc.
King Of Prussia, PA
Industry PPP Comparison Statistics
Nationwide, 2,253 businesses in the "Brick, Stone, and Related Construction Material Merchant Wholesalers" industry received a total of $372,043,686.00 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 13 employees, 93% lower than Vimco, Inc.'s reported 190 employees, and received an average PPP loan of $165,133, 93% lower than this company's loan of $2.5M.
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Footnotes & Information
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