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PPP Loan Data — Vinmar Capital Holdings LP, Houston, TX

SBA PPP loan data, payroll data, and salaries for Vinmar Capital Holdings LP
TX

Vinmar Capital Holdings LP

Entity: Partnership

Industry: Other Chemical and Allied Products Merchant Wholesalers

Location: Houston, TX

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Vinmar Capital Holdings LP is a partnership located at 16825 Northchase Dr. in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $3,682,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.68M

Jobs Retained:

178

Loan Approved:

2020-04-14

Lender:

ZIONS BANK, A DIVISION OF

Vinmar Capital Holdings LP in Houston, TX received a Paycheck Protection Loan of $3.68M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, Vinmar Capital Holdings LP's total 2019 payroll expenses were approximately $17.68M in order to qualify for the PPP loan amount received.

Based on their reported 178 jobs retained, this equals an estimated average yearly compensation of $99,306 per employee1.

Because the loan received by Vinmar Capital Holdings LP is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Vinmar Capital Holdings LP in Houston, TX

Vinmar Capital Holdings LP
16825 Northchase Dr.
Houston, TX 77060

Business Industry

Other Chemical and Allied Products Merchant Wholesalers (NAICS code 424690)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-18

Similar Companies near Houston

In the Houston area, 2 businesses in the "Other Chemical and Allied Products Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 96 employees (compared to this company's 178) and received an average PPP loan of $1,954,850 (compared to this company's $3.68M).

Similar Nearby Businesses Who Received PPP Funding:

RB Products Holding, LLC
Houston, TX

$227,100 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,140 businesses in the "Other Chemical and Allied Products Merchant Wholesalers" industry received a total of $406,941,257.00 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 12 employees, 93% lower than Vinmar Capital Holdings LP's reported 178 employees, and received an average PPP loan of $190,159, 95% lower than this company's loan of $3.68M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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/vinmar-capital-holdings-lp-houston-tx