PPP Loan Data — Vinita Tag Office, LLC, Vinita, OK
Vinita Tag Office, LLC is a limited liability company (LLC) located at 320 S Wilson St in Vinita, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Peoples Bank and Trust Company
Vinita Tag Office, LLC in Vinita, OK received a Paycheck Protection Loan of $25,100 through Peoples Bank and Trust Company, 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 April, 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, Vinita Tag Office, LLC's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vinita Tag Office, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,000
- Utilities: $3,050
- Rent: $3,050
Business Information - Vinita Tag Office, LLC in Vinita, OK
320 S Wilson St
Vinita, OK 74301
Other Support Activities for Road Transportation
NAICS code 488490
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Vinita
In the Vinita area, 4 businesses in the "Other Support Activities for Road Transportation" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $12,089 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Cruz Brothers Transport LLC
Industry PPP Comparison Statistics
Nationwide, 10,832 businesses in the "Other Support Activities for Road Transportation" industry received a total of $409.57M 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 4 employees, 33% higher than Vinita Tag Office, LLC's reported 3 employees, and received an average PPP loan of $37,811, 51% higher than this company's loan of $25,100.
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Footnotes & Information
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