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

PPP Loan Data — Vysion Technology Solutions LLC, Columbus, OH

ALERT: There are 2 PPP loans for a total of $51,087 in our database for businesses with the name "Vysion Technology Solutions LLC" in Columbus, OH. 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 Vysion Technology Solutions LLC
OH

Vysion Technology Solutions LLC

Entity: Limited Liability Company (LLC)

Industry: Computer and Computer Peripheral Equipment and Software Merchant Wholesalers

Location: Columbus, OH

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Vysion Technology Solutions LLC is a limited liability company (LLC) located at 6534 Singletree Dr 6534 Singletree Dr in Columbus, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,687.00 in February, 2021.

$ PPP Loan Information
Loan #5708898400

Loan Size:

$25,687

Jobs Retained:

5

Loan Approved:

2021-02-09

Loan Status:

Ongoing Loan

Lender:

PNC Bank, National Association

Vysion Technology Solutions LLC in Columbus, OH received a Paycheck Protection Loan of $25,687 through PNC Bank, National Association, which was approved in February, 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, Vysion Technology Solutions LLC's 2019 payroll expenses are estimated to be at least $123,298.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,660 per employee1

Reported PPP Proceed Usage:

On the PPP application, Vysion Technology Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,685
  • Utilities: $1

Business Information - Vysion Technology Solutions LLC in Columbus, OH

Vysion Technology Solutions LLC
6534 Singletree Dr 6534 Singletree Dr
Columbus, OH 43229

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: Y

HUBZone: Y

Rural / Urban: Urban

Franklin County, OH — SBA Office 0593 — Congressional District: OH-03

Similar Companies near Columbus

In the Columbus area, 4 businesses in the "Computer and Computer Peripheral Equipment and Software Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 5) and received an average PPP loan of $161,099 (compared to this company's $25,687).

Industry PPP Comparison Statistics

Nationwide, 4,479 businesses in the "Computer and Computer Peripheral Equipment and Software Merchant Wholesalers" industry received a total of $695.57M 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, 140% higher than Vysion Technology Solutions LLC's reported 5 employees, and received an average PPP loan of $155,296, 505% higher than this company's loan of $25,687.

SBA PPP loan data, payroll data, and salaries for Vysion Technology Solutions LLC
OH

Vysion Technology Solutions LLC

Entity: Limited Liability Company (LLC)

Industry: Computer Systems Design Services

Location: Columbus, OH

Search All PPP Data

Vysion Technology Solutions LLC is a limited liability company (LLC) located at 6534 Singletree Dr in Columbus, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.

$ PPP Loan Information
Loan #7109717110

Loan Size:

$25,400

Jobs Retained:

4

Loan Approved:

2020-04-14

Loan Status:

Ongoing Loan

Lender:

PNC Bank, National Association

Vysion Technology Solutions LLC in Columbus, OH received a Paycheck Protection Loan of $25,400 through PNC Bank, National Association, 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, Vysion Technology Solutions LLC's 2019 payroll expenses are estimated to be at least $121,920.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,480 per employee1

Reported PPP Proceed Usage:

On the PPP application, Vysion Technology Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,400

Business Information - Vysion Technology Solutions LLC in Columbus, OH

Vysion Technology Solutions LLC
6534 Singletree Dr
Columbus, OH 43229

Business Industry:
Computer Systems Design Services
NAICS code 541512

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: Y

HUBZone: Y

Rural / Urban: Urban

Franklin County, OH — SBA Office 0593 — Congressional District: OH-03

Similar Companies near Columbus

In the Columbus area, 7 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 4) and received an average PPP loan of $229,519 (compared to this company's $25,400).

Industry PPP Comparison Statistics

Nationwide, 31,382 businesses in the "Computer Systems Design Services" industry received a total of $4.35B 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 10 employees, 150% higher than Vysion Technology Solutions LLC's reported 4 employees, and received an average PPP loan of $138,748, 446% higher than this company's loan of $25,400.

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.


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Source: www.federalpay.org/paycheck-protection-program/vysion-technology-solutions-llc-columbus-oh