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PPP Loan Data — Crystals And Things, Durham, NC

SBA PPP loan data, payroll data, and salaries for Crystals And Things
NC

Crystals And Things

Entity: Limited Liability Company (LLC)

Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores)

Location: Durham, NC

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Crystals And Things is a limited liability company (LLC) located in Durham, North Carolina that received a Coronavirus-related PPP loan from the SBA of $11,457.00 in May, 2021.

The company has reported itself as a White female owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #8336068901

Loan Size:

$11,457

Jobs Retained:

1

Loan Approved:

2021-05-11

Loan Status:

Active Un-Disbursed

Lender:

Prestamos CDFI, LLC
PPP Funds Undisbursed

Crystals And Things in Durham, NC received a Paycheck Protection Loan of $11,457 through Prestamos CDFI, LLC, which was approved in May, 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 $11,457 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in May, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Crystals And Things reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $11,456

Business Information - Crystals And Things in Durham, NC

Crystals And Things
Durham, NC
* Full address is redacted to protect the privacy of individuals.

Business Owner Demographics

Race: White

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

Orange County, NC — SBA Office 0460 — Congressional District: NC-04

Similar Companies near Durham

In the Durham area, 44 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 1) and received an average PPP loan of $29,785 (compared to this company's $11,457).

Industry PPP Comparison Statistics

Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 4 employees, 300% higher than Crystals And Things' reported 1 employees, and received an average PPP loan of $34,329, 200% higher than this company's loan of $11,457.

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/crystals-and-things-durham-nc