PPP Loan Data — Vision Productions Inc, Kingsport, TN
Vision Productions Inc is a corporation located at 140 Broad St in Kingsport, Tennessee that received a Coronavirus-related PPP loan from the SBA of $46,060.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least nine people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Mountain Commerce Bank
Vision Productions Inc in Kingsport, TN received a Paycheck Protection Loan of $46,060 through Mountain Commerce Bank, which was approved in April, 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, Vision Productions Inc's 2019 payroll expenses are estimated to be at least $221,088.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,565 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vision Productions Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $34,545
- Utilities: $2,879
- Rent: $8,636
Business Information - Vision Productions Inc in Kingsport, TN
140 Broad St
Kingsport, TN 37660
NAICS code 813110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Kingsport
In the Kingsport area, 17 businesses in the "Religious Organizations" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 9) and received an average PPP loan of $42,810 (compared to this company's $46,060).
Similar Nearby Businesses Who Received PPP Funding:
St Paul's Episcopal Church
Christian Life Center Of The Tri-Cities, (Kingsport, Bristol
Vermont United Methodist Church
Holston Presbytery Of The Presbyterian Church (USA), Inc
New Beginnings Fellowship Church
Gravelly Baptist Church
Pathfinders Community Church
Vision Production Inc
Industry PPP Comparison Statistics
Nationwide, 123,083 businesses in the "Religious Organizations" industry received a total of $9.27B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 33% higher than Vision Productions Inc's reported 9 employees, and received an average PPP loan of $75,298, 63% higher than this company's loan of $46,060.
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Footnotes & Information
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