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PPP Loan Data — Bella Derma Medi-Spa LLC, Toms River, NJ

ALERT: There are 2 PPP loans for a total of $85,109 in our database for businesses with the name "Bella Derma Medi-Spa LLC" in Toms River, NJ. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Bella Derma Medi-Spa LLC
NJ

Bella Derma Medi-Spa LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Toms River, NJ

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Bella Derma Medi-Spa LLC is a limited liability company (LLC) located at 1430 Hooper Ave Ste 202 in Toms River, New Jersey that received a Coronavirus-related PPP loan from the SBA of $38,790.00 in February, 2021.

The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information
Loan #4471528510

Loan Size:

$38,790

Jobs Retained:

4

Loan Approved:

2021-02-25

Loan Status:

Paid in Full or Forgiven

Lender:

The MINT National Bank

Bella Derma Medi-Spa LLC in Toms River, NJ received a Paycheck Protection Loan of $38,790 through The MINT National Bank, which was approved in February, 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 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, Bella Derma Medi-Spa LLC's 2019 payroll expenses are estimated to be at least $186,192.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $46,548 per employee1

Reported PPP Proceed Usage:

On the PPP application, Bella Derma Medi-Spa LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $38,787
  • Utilities: $1

Business Information - Bella Derma Medi-Spa LLC in Toms River, NJ

Bella Derma Medi-Spa LLC
1430 Hooper Ave Ste 202
Toms River, NJ 8753

Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Ocean County, NJ — SBA Office 0299 — Congressional District: NJ-03

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Bella Derma Medi-Spa LLC.

Christopher P. Godek MD. PC
Offices of Physicians, Mental Health Specialists

$276,268 PPP Loan

Similar Companies near Toms River

In the Toms River area, 47 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 4) and received an average PPP loan of $104,216 (compared to this company's $38,790).

Industry PPP Comparison Statistics

Nationwide, 176,427 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.05B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 175% higher than Bella Derma Medi-Spa LLC's reported 4 employees, and received an average PPP loan of $119,313, 208% higher than this company's loan of $38,790.

SBA PPP loan data, payroll data, and salaries for Bella Derma Medi-Spa LLC
NJ

Bella Derma Medi-Spa LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Health and Personal Care Stores

Location: Toms River, NJ

Search All PPP Data

Bella Derma Medi-Spa LLC is a limited liability company (LLC) located at 1430 Hooper Ave 204 in Toms River, New Jersey that received a Coronavirus-related PPP loan from the SBA of $46,319.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.

$ PPP Loan Information
Loan #4666587205

Loan Size:

$46,319

Jobs Retained:

3

Loan Approved:

2020-04-27

Loan Status:

Paid in Full or Forgiven

Lender:

The MINT National Bank

Bella Derma Medi-Spa LLC in Toms River, NJ received a Paycheck Protection Loan of $46,319 through The MINT National 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 April, 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, Bella Derma Medi-Spa LLC's 2019 payroll expenses are estimated to be at least $222,331.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,110 per employee1

Reported PPP Proceed Usage:

On the PPP application, Bella Derma Medi-Spa LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $46,319

Business Information - Bella Derma Medi-Spa LLC in Toms River, NJ

Bella Derma Medi-Spa LLC
1430 Hooper Ave 204
Toms River, NJ 8753

Business Industry:
All Other Health and Personal Care Stores
NAICS code 446199

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Ocean County, NJ — SBA Office 0299 — Congressional District: NJ-03

Industry PPP Comparison Statistics

Nationwide, 13,849 businesses in the "All Other Health and Personal Care Stores" industry received a total of $582.53M 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 5 employees, 67% higher than Bella Derma Medi-Spa LLC's reported 3 employees, and received an average PPP loan of $42,063, 9% lower than this company's loan of $46,319.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/bella-derma-medi-spa-llc-toms-river-nj