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PPP Loan Data — Amarillo College Of Hairdressing, Inc, Visalia, CA

SBA PPP loan data, payroll data, and salaries for Amarillo College Of Hairdressing, Inc
CA

Amarillo College Of Hairdressing, Inc

Entity: Subchapter S Corporation

Industry: Cosmetology and Barber Schools

Location: Visalia, CA

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Amarillo College Of Hairdressing, Inc is a subchapter s corporation located at 2345 W Beech Ave # 4139 in Visalia, California that received a Coronavirus-related PPP loan from the SBA of $3,476,515.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.48M

Jobs Retained:

465

Loan Approved:

2020-04-15

Lender:

MECHANICS BANK

Amarillo College Of Hairdressing, Inc in Visalia, CA received a Paycheck Protection Loan of $3.48M through MECHANICS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Amarillo College Of Hairdressing, Inc's total 2019 payroll expenses were approximately $16.69M in order to qualify for the PPP loan amount received.

Based on their reported 465 jobs retained, this equals an estimated average yearly compensation of $35,887 per employee1.

Because the loan received by Amarillo College Of Hairdressing, 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 - Amarillo College Of Hairdressing, Inc in Visalia, CA

Amarillo College Of Hairdressing, Inc
2345 W Beech Ave # 4139
Visalia, CA 93277

Business Industry

Cosmetology and Barber Schools (NAICS code 611511)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-22

Industry PPP Comparison Statistics

Nationwide, 2,814 businesses in the "Cosmetology and Barber Schools" industry received a total of $133,965,019.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 99% lower than Amarillo College Of Hairdressing, Inc's reported 465 employees, and received an average PPP loan of $47,607, 99% lower than this company's loan of $3.48M.

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, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/amarillo-college-of-hairdressing-inc-visalia-ca