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PPP Loan Data — Anjae Monae The Royal Collection, Atlanta, GA

SBA PPP loan data, payroll data, and salaries for Anjae Monae The Royal Collection
GA

Anjae Monae The Royal Collection

Entity: Sole Proprietorship

Industry: Cosmetics, Beauty Supplies, and Perfume Stores

Location: Atlanta, GA

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Anjae Monae The Royal Collection is a sole proprietorship located at 2955 Cobb Pkwy Se in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $78,177.00 in March, 2021.

The company has reported itself as a Black or african american female owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information
Loan #9102418509

Loan Size:

$78,177

Jobs Retained:

4

Loan Approved:

2021-03-12

Loan Status:

Active Un-Disbursed

Lender:

Itria Ventures LLC
PPP Funds Undisbursed

Anjae Monae The Royal Collection in Atlanta, GA received a Paycheck Protection Loan of $78,177 through Itria Ventures LLC, which was approved in March, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $78,177 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 2021.

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, Anjae Monae The Royal Collection's 2019 payroll expenses are estimated to be at least $375,250.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $93,813 per employee1

Reported PPP Proceed Usage:

On the PPP application, Anjae Monae The Royal Collection reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $78,175
  • Utilities: $1

Business Information - Anjae Monae The Royal Collection in Atlanta, GA

Anjae Monae The Royal Collection
2955 Cobb Pkwy Se
Atlanta, GA 30339

Business Industry:
Cosmetics, Beauty Supplies, and Perfume Stores
NAICS code 446120

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cobb County, GA — SBA Office 0405 — Congressional District: GA-11

Similar Companies near Atlanta

In the Atlanta area, 30 businesses in the "Cosmetics, Beauty Supplies, and Perfume Stores" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 4) and received an average PPP loan of $234,999 (compared to this company's $78,177).

Industry PPP Comparison Statistics

Nationwide, 20,029 businesses in the "Cosmetics, Beauty Supplies, and Perfume Stores" industry received a total of $592.88M 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 Anjae Monae The Royal Collection and received an average PPP loan of $29,601, 62% lower than this company's loan of $78,177.

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.

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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/anjae-monae-the-royal-collection-atlanta-ga