PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — VSR Industries Inc, Henderson, NV

ALERT: There are 2 PPP loans for a total of $4.35M in our database for businesses with the name "VSR Industries Inc" in Henderson, NV. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for VSR Industries Inc
NV

VSR Industries Inc

Entity: Corporation

Industry: Sheet Metal Work Manufacturing

Location: Henderson, NV

Search All PPP Data

VSR Industries Inc is a corporation located at 6190 Mountain Vista St in Henderson, Nevada that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.

The company has reported itself as a White male owned business, and employed at least 285 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4283108309

Loan Size:

$2M

Jobs Retained:

285

Loan Approved:

2021-01-23

Loan Status:

Ongoing Loan

Lender:

Bank of the West

VSR Industries Inc in Henderson, NV received a Paycheck Protection Loan of $2M through Bank of the West, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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, VSR Industries Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 285 jobs retained, this equals an estimated average yearly compensation of $33,684 per employee1

Reported PPP Proceed Usage:

On the PPP application, VSR Industries Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,998
  • Utilities: $1
Because the loan received by VSR Industries Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - VSR Industries Inc in Henderson, NV

VSR Industries Inc
6190 Mountain Vista St
Henderson, NV 89014

Business Industry:
Sheet Metal Work Manufacturing
NAICS code 332322

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Clark County, NV — SBA Office 0944 — Congressional District: NV-03

Industry PPP Comparison Statistics

Nationwide, 4,304 businesses in the "Sheet Metal Work Manufacturing" industry received a total of $1.16B 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 23 employees, 92% lower than VSR Industries Inc's reported 285 employees, and received an average PPP loan of $268,414, 87% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for VSR Industries, Inc
NV

VSR Industries, Inc

Entity: Corporation

Industry: Hardware Manufacturing

Location: Henderson, NV

Search All PPP Data

VSR Industries, Inc is a corporation located at 6190 Mountain Vista St in Henderson, Nevada that received a Coronavirus-related PPP loan from the SBA of $2,354,588.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 350 people during the applicable loan loan period.

$ PPP Loan Information
Loan #2930847103

Loan Size:

$2.35M

Jobs Retained:

350

Loan Approved:

2020-04-11

Loan Status:

Ongoing Loan

Lender:

Bank of the West

VSR Industries, Inc in Henderson, NV received a Paycheck Protection Loan of $2.35M through Bank of the West, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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, VSR Industries, Inc's 2019 payroll expenses are estimated to be at least $11.3M.

Based on their reported 350 jobs retained, this equals an estimated average yearly compensation of $32,291 per employee1

Reported PPP Proceed Usage:

On the PPP application, VSR Industries, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,354,588
Because the loan received by VSR Industries, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - VSR Industries, Inc in Henderson, NV

VSR Industries, Inc
6190 Mountain Vista St
Henderson, NV 89014

Business Industry:
Hardware Manufacturing
NAICS code 332510

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Clark County, NV — SBA Office 0944 — Congressional District: NV-03

Industry PPP Comparison Statistics

Nationwide, 1,100 businesses in the "Hardware Manufacturing" industry received a total of $239.47M 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 20 employees, 94% lower than VSR Industries, Inc's reported 350 employees, and received an average PPP loan of $217,703, 91% lower than this company's loan of $2.35M.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/vsr-industries-inc-henderson-nv