PPP Loan Data — VP Supply Corp, Rochester, NY
VP Supply Corp
Location: Rochester, NYTweet This • Search All PPP Data
VP Supply Corp is a corporation located at 3445 Winton Place in Rochester, New York that received a Coronavirus-related PPP loan from the SBA of $4,243,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Genesee Regional Bank
VP Supply Corp in Rochester, NY received a Paycheck Protection Loan of $4.24M through Genesee Regional Bank, which was approved in April, 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, VP Supply Corp's 2019 payroll expenses are estimated to be at least $20.37M.
Based on their reported 399 jobs retained, this equals an estimated average yearly compensation of $51,054 per employee1
Reported PPP Proceed Usage:
On the PPP application, VP Supply Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,243,900
Business Information - VP Supply Corp in Rochester, NY
3445 Winton Place
Rochester, NY 14623
Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers
NAICS code 423720
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,243 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a total of $697.92M 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 17 employees, 96% lower than VP Supply Corp's reported 399 employees, and received an average PPP loan of $215,209, 95% lower than this company's loan of $4.24M.
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Footnotes & Information
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