PPP Loan Data — Window Sales & Service Of Vero Inc, Vero Beach, FL
Window Sales & Service Of Vero Inc is a corporation located at 775 90th Ave in Vero Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Seacoast National Bank
Window Sales & Service Of Vero Inc in Vero Beach, FL received a Paycheck Protection Loan of $25,000 through Seacoast National 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, Window Sales & Service Of Vero Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Window Sales & Service Of Vero Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Window Sales & Service Of Vero Inc in Vero Beach, FL
775 90th Ave
Vero Beach, FL 32968
Finish Carpentry Contractors
NAICS code 238350
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, 28,703 businesses in the "Finish Carpentry Contractors" industry received a total of $1.11B 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 4 employees, the same amount reported by Window Sales & Service Of Vero Inc and received an average PPP loan of $38,555, 54% higher than this company's loan of $25,000.
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Footnotes & Information
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