PPP Loan Data — Vista Global Enterprise Inc, Woodway, TX
Vista Global Enterprise Inc is a subchapter s corporation located at 208 Hewitt Dr Ste 103-301 in Woodway, Texas that received a Coronavirus-related PPP loan from the SBA of $25,119.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Vista Global Enterprise Inc in Woodway, TX received a Paycheck Protection Loan of $25,119 through Kabbage, Inc., which was approved in June, 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, Vista Global Enterprise Inc's 2019 payroll expenses are estimated to be at least $120,571.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,114 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vista Global Enterprise Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,119
Business Information - Vista Global Enterprise Inc in Woodway, TX
208 Hewitt Dr Ste 103-301
Woodway, TX 76712
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Woodway
In the Woodway area, 34 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $27,806 (compared to this company's $25,119).
Similar Nearby Businesses Who Received PPP Funding:
Bob Anderson, State Farm Insurance
David Greenup Insurance Agency
Ross Insurance Agency
AG Southwest LLC
Miller Insurance Agency, Inc
Industry PPP Comparison Statistics
Nationwide, 149,532 businesses in the "Insurance Agencies and Brokerages" industry received a total of $5.87B 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 4 employees, 20% lower than Vista Global Enterprise Inc's reported 5 employees, and received an average PPP loan of $39,254, 56% higher than this company's loan of $25,119.
FederalPay's PPP Information Policy
Footnotes & Information
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