PPP Loan Data — Vincere LLC, Fairfield, NJ
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 Status:Paid in Full or Forgiven
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.
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
* Full address is redacted to protect the privacy of individuals.
All Other Miscellaneous Schools and Instruction
NAICS code 611699
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Vincere LLC.
Qara Imports LLC
Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers
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).
Similar Nearby Businesses Who Received PPP Funding:
Busy Bee Academy Inc
Sedes Sapientiae School Inc
Maarif Foundation USA
Dental Studies Institute Inc
Condensed Curriculum International
Precious Moments Childcare And Learning Center Inc
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.
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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