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

PPP Loan Data — Alastin Skincare, Inc, Carlsbad, CA

SBA PPP loan data, payroll data, and salaries for Alastin Skincare, Inc
CA

Alastin Skincare, Inc

Entity: Corporation

Industry: Toilet Preparation Manufacturing

Location: Carlsbad, CA

Search All PPP Data

Alastin Skincare, Inc is a corporation located at 3129 Tiger Run Court 109 in Carlsbad, California that received a Coronavirus-related PPP loan from the SBA of $2,091,700.00 in April, 2020.

$ PPP Loan Information
Loan #4754187105

Loan Size:

$2.09M

Jobs Retained:

90

Loan Approved:

2020-04-13

Loan Status:

Ongoing Loan

Lender:

Western Alliance Bank
Likely Employment Reduction3

Alastin Skincare, Inc in Carlsbad, CA received a Paycheck Protection Loan of $2.09M through Western Alliance Bank, 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.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 90 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 100. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

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, Alastin Skincare, Inc's 2019 payroll expenses are estimated to be at least $10.04M (not accounting for salary amounts > $100k).

Because the 90 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

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

  • Payroll: $1,971,700
  • Utilities: $5,000
  • Rent: $46,000
  • Debt Interest: $69,000
Because the loan received by Alastin Skincare, 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 - Alastin Skincare, Inc in Carlsbad, CA

Alastin Skincare, Inc
3129 Tiger Run Court 109
Carlsbad, CA 92010

Business Industry:
Toilet Preparation Manufacturing
NAICS code 325620

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: N

HUBZone: N

Rural / Urban: Urban

San Diego County, CA — SBA Office 0954 — Congressional District: CA-49

Similar Companies near Carlsbad

In the Carlsbad area, 4 businesses in the "Toilet Preparation Manufacturing" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 90) and received an average PPP loan of $1,489,505 (compared to this company's $2.09M).

Industry PPP Comparison Statistics

Nationwide, 1,286 businesses in the "Toilet Preparation Manufacturing" industry received a total of $309.43M 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 22 employees, 76% lower than Alastin Skincare, Inc's reported 90 employees, and received an average PPP loan of $240,617, 88% lower than this company's loan of $2.09M.

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.

3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.


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/alastin-skincare-inc-carlsbad-ca