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PPP Loan Data — VN Creative Care, Inc, Sugar Land, TX

SBA PPP loan data, payroll data, and salaries for VN Creative Care, Inc

VN Creative Care, Inc

Entity: Corporation

Industry: Pharmacies and Drug Stores

Location: Sugar Land, TX

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VN Creative Care, Inc is a corporation located at 6315 Windermere Park Ln in Sugar Land, Texas that received a Coronavirus-related PPP loan from the SBA of $113,935.00 in April, 2020.

$ PPP Loan Information
Loan #7740867100

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Paid in Full or Forgiven


Allegiance Bank

VN Creative Care, Inc in Sugar Land, TX received a Paycheck Protection Loan of $113,935 through Allegiance 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 April, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, VN Creative Care, Inc's 2019 payroll expenses are estimated to be at least $546,888.

Based on their reported 45 jobs retained, this equals an estimated average yearly compensation of $12,153 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $113,935

Business Information - VN Creative Care, Inc in Sugar Land, TX

VN Creative Care, Inc
6315 Windermere Park Ln
Sugar Land, TX 77479

Business Industry:
Pharmacies and Drug Stores
NAICS code 446110

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

Fort Bend County, TX — SBA Office 0671 — Congressional District: TX-22

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as VN Creative Care, Inc.

PNV Creative Care, Inc
Pharmacies and Drug Stores

$39,070 PPP Loan

NV Creative, Inc
Pharmacies and Drug Stores

$86,012 PPP Loan

Similar Companies near Sugar Land

In the Sugar Land area, 23 businesses in the "Pharmacies and Drug Stores" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 45) and received an average PPP loan of $77,489 (compared to this company's $113,935).

Industry PPP Comparison Statistics

Nationwide, 17,926 businesses in the "Pharmacies and Drug Stores" industry received a total of $1.7B 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 12 employees, 73% lower than VN Creative Care, Inc's reported 45 employees, and received an average PPP loan of $94,574, 17% lower than this company's loan of $113,935.

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.

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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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** This Document Provided By - The Civil Employee's Resource **