PPP Loan Data — Vino Inc, Oakland, CA
Vino Inc is a corporation located at 6319 College Ave. in Oakland, California that received a Coronavirus-related PPP loan from the SBA of $46,198.00 in July, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Vino Inc in Oakland, CA received a Paycheck Protection Loan of $46,198 through Wells Fargo Bank, National Association, which was approved in July, 2020.
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, Vino Inc's 2019 payroll expenses are estimated to be at least $221,750.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,350 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vino Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,198
Business Information - Vino Inc in Oakland, CA
6319 College Ave.
Oakland, CA 94618
Beer, Wine, and Liquor Stores
NAICS code 445310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Oakland
In the Oakland area, 5 businesses in the "Beer, Wine, and Liquor Stores" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $40,507 (compared to this company's $46,198).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 19,110 businesses in the "Beer, Wine, and Liquor Stores" industry received a total of $604.2M 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 6 employees, 20% higher than Vino Inc's reported 5 employees, and received an average PPP loan of $31,617, 32% lower than this company's loan of $46,198.
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