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PPP Loan Data — Astral Health & Beauty Inc,
Atlanta, GA
Astral Health & Beauty Inc
Entity: Corporation
Industry: Cosmetics, Beauty Supplies, and Perfume Stores
Location: Atlanta, GA
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Astral Health & Beauty Inc is a corporation located at 6120 Powers Ferry Rd Ste 300 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $1,192,409.00 in March, 2021.
$
PPP Loan Information
Loan #1521998604
Loan Size:
Jobs Retained:
251Loan Approved:
2021-03-13Loan Status:
Paid in Full or ForgivenLender:
Synovus BankAstral Health & Beauty Inc in Atlanta, GA received a Paycheck Protection Loan of $1.19M through Synovus Bank, which was approved in March, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in October, 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 MoreUnderstanding 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 MoreBased 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, Astral Health & Beauty Inc's 2019 payroll expenses are estimated to be at least $5.72M.
Based on their reported 251 jobs retained, this equals an estimated average yearly compensation of $22,803 per employee1
Reported PPP Proceed Usage:
On the PPP application, Astral Health & Beauty Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,192,405
- Utilities: $1
Business Information - Astral Health & Beauty Inc in Atlanta, GA
6120 Powers Ferry Rd Ste 300
Atlanta, GA 30339
Business Industry:
Cosmetics, Beauty Supplies, and Perfume Stores
NAICS code 446120
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
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as Astral Health & Beauty Inc.
Butter London, LLC
Unknown
Cosmedix LLC
Cosmetics, Beauty Supplies, and Perfume Stores
PUR Beauty Inc
Cosmetics, Beauty Supplies, and Perfume Stores
Similar Companies near Atlanta
In the Atlanta area, 42 businesses in the "Cosmetics, Beauty Supplies, and Perfume Stores" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 251) and received an average PPP loan of $168,994 (compared to this company's $1.19M).
Similar Nearby Businesses Who Received PPP Funding:
Alexus Wright
Atlanta, GA
Brianna Byars
Atlanta, GA
Kimberly Brown
Atlanta, GA
Jama' Deal
Atlanta, GA
Imperial Belle Lashes LLC
Atlanta, GA
Jerika Johnson
Atlanta, GA
Andrea Davis
Atlanta, GA
Angel Todd
Atlanta, GA
Shawnell Sawyer
Atlanta, GA
Industry PPP Comparison Statistics
Nationwide, 39,524 businesses in the "Cosmetics, Beauty Supplies, and Perfume Stores" industry received a total of $897.08M 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 3 employees, 99% lower than Astral Health & Beauty Inc's reported 251 employees, and received an average PPP loan of $22,697, 98% lower than this company's loan of $1.19M.
Astral Health & Beauty, Inc
Entity: Corporation
Industry: Cosmetics, Beauty Supplies, and Perfume Stores
Location: Atlanta, GA
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Astral Health & Beauty, Inc is a corporation located at 6120 Powers Ferry Rd Suite 300 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,078,846.00 in April, 2020.
$
PPP Loan Information
Loan #1070027109
Loan Size:
Jobs Retained:
251Loan Approved:
2020-04-09Loan Status:
Paid in Full or ForgivenLender:
Synovus BankAstral Health & Beauty, Inc in Atlanta, GA received a Paycheck Protection Loan of $3.08M through Synovus Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in August, 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 MoreUnderstanding 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 MoreBased 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, Astral Health & Beauty, Inc's 2019 payroll expenses are estimated to be at least $14.78M.
Based on their reported 251 jobs retained, this equals an estimated average yearly compensation of $58,878 per employee1
Reported PPP Proceed Usage:
On the PPP application, Astral Health & Beauty, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,078,846
Business Information - Astral Health & Beauty, Inc in Atlanta, GA
6120 Powers Ferry Rd Suite 300
Atlanta, GA 30339
Business Industry:
Cosmetics, Beauty Supplies, and Perfume Stores
NAICS code 446120
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
Similar Companies near Atlanta
In the Atlanta area, 42 businesses in the "Cosmetics, Beauty Supplies, and Perfume Stores" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 251) and received an average PPP loan of $168,994 (compared to this company's $3.08M).
Similar Nearby Businesses Who Received PPP Funding:
Alexus Wright
Atlanta, GA
Brianna Byars
Atlanta, GA
Kimberly Brown
Atlanta, GA
Jama' Deal
Atlanta, GA
Imperial Belle Lashes LLC
Atlanta, GA
Jerika Johnson
Atlanta, GA
Andrea Davis
Atlanta, GA
Angel Todd
Atlanta, GA
Shawnell Sawyer
Atlanta, GA
Industry PPP Comparison Statistics
Nationwide, 39,524 businesses in the "Cosmetics, Beauty Supplies, and Perfume Stores" industry received a total of $897.08M 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 3 employees, 99% lower than Astral Health & Beauty, Inc's reported 251 employees, and received an average PPP loan of $22,697, 99% lower than this company's loan of $3.08M.
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.
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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