PPP Loan Data — Vizance, Inc, Hartland, WI
Vizance, Inc is a subchapter s corporation located at 1320 Walnut Ridge Dr in Hartland, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $1,670,000.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 127 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Vizance, Inc in Hartland, WI received a Paycheck Protection Loan of $1.67M through Ixonia 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 February, 2021.
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, Vizance, Inc's 2019 payroll expenses are estimated to be at least $8.02M.
Based on their reported 127 jobs retained, this equals an estimated average yearly compensation of $63,118 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vizance, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,670,000
Business Information - Vizance, Inc in Hartland, WI
1320 Walnut Ridge Dr
Hartland, WI 53029
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hartland
In the Hartland area, 12 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 127) and received an average PPP loan of $156,453 (compared to this company's $1.67M).
Similar Nearby Businesses Who Received PPP Funding:
Chris Landsom Agency LLC
Weigand Financial Services LLC
Lake Country Insurance Services LLC
Icon Insurance Services, Corp
Mike Gogin Insurance Agency Inc
Jeffery J Nash
AW Insurance Agency LLC
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, 97% lower than Vizance, Inc's reported 127 employees, and received an average PPP loan of $39,254, 98% lower than this company's loan of $1.67M.
FederalPay's PPP Information Policy
Footnotes & Information
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