PPP Loan Data — Beta Beauty, LLC, Oxnard, CA
Beta Beauty, LLC is a limited liability company (LLC) located at 1451 Vanguard Dr in Oxnard, California that received a Coronavirus-related PPP loan from the SBA of $864,133.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 115 people during the applicable loan loan period.
$ PPP Loan Information
Lender:AMERICAN BUSINESS BANK
Beta Beauty, LLC received a Paycheck Protection Loan of $864,133 through AMERICAN BUSINESS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Beta Beauty, LLC's total 2019 payroll expenses were approximately $4.15M in order to qualify for the PPP loan amount received.
Based on their reported 115 jobs retained, this equals an estimated average yearly compensation of $36,068 per employee1.
Business Information - Beta Beauty, LLC in Oxnard, CA
1451 Vanguard Dr
Oxnard, CA 93033
Toilet Preparation Manufacturing (NAICS code 325620)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-26
Similar Companies near Oxnard
In the Oxnard area, 3 businesses in the "Toilet Preparation Manufacturing" industry received a PPP loan. These local businesses reported an average of 159 employees (compared to this company's 115) and received an average PPP loan of $2,248,844 (compared to this company's $864,133).
Similar Nearby Businesses Who Received PPP Funding:
Colourpop Cosmetics, LLC
The Spatz Corporation
Industry PPP Comparison Statistics
Nationwide, 771 businesses in the "Toilet Preparation Manufacturing" industry received a total of $246,227,574.00 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 25 employees, 78% lower than Beta Beauty, LLC's reported 115 employees, and received an average PPP loan of $319,361, 63% lower than this company's loan of $864,133.
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. 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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