PPP Loan Data — VIP. Services Inc, Saint Ann, MO
VIP. Services Inc is a corporation located at 500 Nw Plaza Dr., Ste. 600 in Saint Ann, Missouri that received a Coronavirus-related PPP loan from the SBA of $1,670,300.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 191 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Enterprise Bank & Trust
VIP. Services Inc in Saint Ann, MO received a Paycheck Protection Loan of $1.67M through Enterprise Bank & Trust, 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 March, 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, VIP. Services Inc's 2019 payroll expenses are estimated to be at least $8.02M.
Based on their reported 191 jobs retained, this equals an estimated average yearly compensation of $41,976 per employee1
Reported PPP Proceed Usage:
On the PPP application, VIP. Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,670,300
Business Information - VIP. Services Inc in Saint Ann, MO
500 Nw Plaza Dr., Ste. 600
Saint Ann, MO 63074
Security Systems Services (except Locksmiths)
NAICS code 561621
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 9,089 businesses in the "Security Systems Services (except Locksmiths)" industry received a total of $1.11B 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 12 employees, 94% lower than VIP. Services Inc's reported 191 employees, and received an average PPP loan of $122,118, 93% lower than this company's loan of $1.67M.
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Footnotes & Information
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