PPP Loan Data — Visions Of Eden, LLC, Sacramento, CA
Visions Of Eden, LLC is a limited liability company (LLC) located at 126 J St #8 in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Visions Of Eden, LLC in Sacramento, CA received a Paycheck Protection Loan of $25,000 through Umpqua 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, Visions Of Eden, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Visions Of Eden, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Visions Of Eden, LLC in Sacramento, CA
126 J St #8
Sacramento, CA 95814
Gift, Novelty, and Souvenir Stores
NAICS code 453220
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Sacramento
In the Sacramento area, 11 businesses in the "Gift, Novelty, and Souvenir Stores" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 6) and received an average PPP loan of $65,737 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Libush International Connection Inc
Sacramento Sports And Souvenirs
Stage Nine Entertainment, Inc
California Gifts And Shirts
Visions Of Eden Inc
Stage Nine Entertainment Store Inc
Industry PPP Comparison Statistics
Nationwide, 17,351 businesses in the "Gift, Novelty, and Souvenir Stores" industry received a total of $573.27M 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, the same amount reported by Visions Of Eden, LLC and received an average PPP loan of $33,040, 32% higher than this company's loan of $25,000.
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Footnotes & Information
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