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PPP Loan Data — Vita Ventures, LLC, Colorado Springs, CO

SBA PPP loan data, payroll data, and salaries for Vita Ventures, LLC
CO

Vita Ventures, LLC

Entity: Limited Liability Company (LLC)

Industry: Residential Property Managers

Location: Colorado Springs, CO

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Vita Ventures, LLC is a limited liability company (LLC) located in Colorado Springs, Colorado that received a Coronavirus-related PPP loan from the SBA of $6,700.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #6753087107

Loan Size:

$6,700

Jobs Retained:

1

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

Independent Bank

Vita Ventures, LLC in Colorado Springs, CO received a Paycheck Protection Loan of $6,700 through Independent Bank, which was approved in April, 2020.

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 May, 2021.


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, Vita Ventures, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $5,700
  • Mortgage Interest: $1,000

Business Information - Vita Ventures, LLC in Colorado Springs, CO

Vita Ventures, LLC
Colorado Springs, CO
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Residential Property Managers
NAICS code 531311

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

El Paso County, CO — SBA Office 0811 — Congressional District: CO-05

Similar Companies near Colorado Springs

In the Colorado Springs area, 11 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 1) and received an average PPP loan of $121,978 (compared to this company's $6,700).

Industry PPP Comparison Statistics

Nationwide, 35,979 businesses in the "Residential Property Managers" industry received a total of $3.03B 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 9 employees, 800% higher than Vita Ventures, LLC's reported 1 employees, and received an average PPP loan of $84,237, 1157% higher than this company's loan of $6,700.

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.


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Source: www.federalpay.org/paycheck-protection-program/vita-ventures-llc-colorado-springs-co