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PPP Loan Data — Vincere LLC, Fairfield, NJ

SBA PPP loan data, payroll data, and salaries for Vincere LLC
NJ

Vincere LLC

Entity: Sole Proprietorship

Industry: All Other Miscellaneous Schools and Instruction

Location: Fairfield, NJ

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Vincere LLC is a sole proprietorship located in Fairfield, New Jersey that received a Coronavirus-related PPP loan from the SBA of $1,052.00 in April, 2020.

$ PPP Loan Information
Loan #4508217302

Loan Size:

$1,052

Jobs Retained:

1

Loan Approved:

2020-04-29

Loan Status:

Paid in Full or Forgiven

Lender:

WebBank

Vincere LLC in Fairfield, NJ received a Paycheck Protection Loan of $1,052 through WebBank, 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 June, 2021.


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, Vincere LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,052

Business Information - Vincere LLC in Fairfield, NJ

Vincere LLC
Fairfield, NJ
* Full address is redacted to protect the privacy of individuals.

Business Industry:
All Other Miscellaneous Schools and Instruction
NAICS code 611699

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Essex County, NJ — SBA Office 0299 — Congressional District: NJ-11

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as Vincere LLC.

Goshyp LLC
Unknown

$2,855 PPP Loan

Qara Imports LLC
Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers

$11,500 PPP Loan

Similar Companies near Fairfield

In the Fairfield area, 10 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 1) and received an average PPP loan of $161,519 (compared to this company's $1,052).

Industry PPP Comparison Statistics

Nationwide, 28,105 businesses in the "All Other Miscellaneous Schools and Instruction" industry received a total of $1.51B 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 9 employees, 800% higher than Vincere LLC's reported 1 employees, and received an average PPP loan of $53,852, 5019% higher than this company's loan of $1,052.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/vincere-llc-fairfield-nj