PPP Loan Data — Vision Signs Inc, Las Vegas, NV
Vision Signs Inc is a corporation located at 6630 Arroyo Spring St #600 in Las Vegas, Nevada that received a Coronavirus-related PPP loan from the SBA of $1,830,027.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Vision Signs Inc in Las Vegas, NV received a Paycheck Protection Loan of $1.83M through Lexicon 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 Signs Inc's 2019 payroll expenses are estimated to be at least $8.78M.
Based on their reported 91 jobs retained, this equals an estimated average yearly compensation of $96,529 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vision Signs Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,830,027
Business Information - Vision Signs Inc in Las Vegas, NV
6630 Arroyo Spring St #600
Las Vegas, NV 89113
NAICS code 339950
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Las Vegas
In the Las Vegas area, 2 businesses in the "Sign Manufacturing" industry received a PPP loan. These local businesses reported an average of 82 employees (compared to this company's 91) and received an average PPP loan of $1,805,326 (compared to this company's $1.83M).
Similar Nearby Businesses Who Received PPP Funding:
Vision Sign Inc
Las Vegas, NV
Industry PPP Comparison Statistics
Nationwide, 9,571 businesses in the "Sign Manufacturing" industry received a total of $1.05B 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 11 employees, 88% lower than Vision Signs Inc's reported 91 employees, and received an average PPP loan of $109,484, 94% lower than this company's loan of $1.83M.
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Footnotes & Information
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