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PPP Loan Data — Visiontlw Inc, Chatsworth, CA

SBA PPP loan data, payroll data, and salaries for Visiontlw Inc
CA

Visiontlw Inc

Entity: Corporation

Industry: All Other Business Support Services

Location: Chatsworth, CA

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Visiontlw Inc is a corporation located in Chatsworth, California that received a Coronavirus-related PPP loan from the SBA of $32,019.00 in March, 2021.

$ PPP Loan Information
Loan #5643508506

Loan Size:

$32,019

Jobs Retained:

1

Loan Approved:

2021-03-01

Loan Status:

Paid in Full or Forgiven

Lender:

MUFG Union Bank, National Association
Likely Employment Reduction3

Visiontlw Inc in Chatsworth, CA received a Paycheck Protection Loan of $32,019 through MUFG Union Bank, National Association, which was approved in March, 2021.

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 October, 2021.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 2. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Visiontlw Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $32,019

Business Information - Visiontlw Inc in Chatsworth, CA

Visiontlw Inc
Chatsworth, CA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
All Other Business Support Services
NAICS code 561499

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-25

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as Visiontlw Inc.

Visionslw Inc
All Other Business Support Services

$35,383 PPP Loan

Paradigm Tvm, LLC
Hotels (except Casino Hotels) and Motels

$364,528 PPP Loan

Similar Companies near Chatsworth

In the Chatsworth area, 18 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 1) and received an average PPP loan of $29,601 (compared to this company's $32,019).

Industry PPP Comparison Statistics

Nationwide, 51,618 businesses in the "All Other Business Support Services" industry received a total of $2.6B 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 7 employees, 600% higher than Visiontlw Inc's reported 1 employees, and received an average PPP loan of $50,343, 57% higher than this company's loan of $32,019.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.


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Source: www.federalpay.org/paycheck-protection-program/visiontlw-inc-chatsworth-ca