PPP Loan Data — Vioski Inc, Monrovia, CA
Vioski Inc is a corporation located at 1625 S Magnolia Ave in Monrovia, California that received a Coronavirus-related PPP loan from the SBA of $45,990.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Vioski Inc in Monrovia, CA received a Paycheck Protection Loan of $45,990 through JPMorgan Chase Bank, National Association, which was approved in May, 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, Vioski Inc's 2019 payroll expenses are estimated to be at least $220,752.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,594 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vioski Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $36,830
- Utilities: $1,100
- Rent: $6,960
- Health Care: $1,100
Business Information - Vioski Inc in Monrovia, CA
1625 S Magnolia Ave
Monrovia, CA 91016
Upholstered Household Furniture Manufacturing
NAICS code 337121
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,737 businesses in the "Upholstered Household Furniture Manufacturing" industry received a total of $296.19M 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 19 employees, 138% higher than Vioski Inc's reported 8 employees, and received an average PPP loan of $170,516, 271% higher than this company's loan of $45,990.
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Footnotes & Information
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