PPP Loan Data — Vpii, LLC, Hampton, NJ
Vpii, LLC is a limited liability company (LLC) located at 56 Route 173 West Suite B-3 in Hampton, New Jersey that received a Coronavirus-related PPP loan from the SBA of $25,490.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Vpii, LLC in Hampton, NJ received a Paycheck Protection Loan of $25,490 through TD Bank, National Association, which was approved in May, 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, Vpii, LLC's 2019 payroll expenses are estimated to be at least $122,352.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,784 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vpii, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,490
Business Information - Vpii, LLC in Hampton, NJ
56 Route 173 West Suite B-3
Hampton, NJ 8827
Other Services Related to Advertising
NAICS code 541890
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Hampton
In the Hampton area, 2 businesses in the "Other Services Related to Advertising" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $24,926 (compared to this company's $25,490).
Similar Nearby Businesses Who Received PPP Funding:
VP II LLC
Industry PPP Comparison Statistics
Nationwide, 12,550 businesses in the "Other Services Related to Advertising" industry received a total of $692.9M 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 5 employees, 67% higher than Vpii, LLC's reported 3 employees, and received an average PPP loan of $55,211, 117% higher than this company's loan of $25,490.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!