PPP Loan Data — Dallys Inc, Laguna Beach, CA
Dallys Inc is a corporation located at 668 N Coast Hwy Ste 1174 in Laguna Beach, California that received a Coronavirus-related PPP loan from the SBA of $24,808.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Farmers & Merchants Bank of Long Beach
Dallys Inc in Laguna Beach, CA received a Paycheck Protection Loan of $24,808 through Farmers & Merchants Bank of Long Beach, 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 May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Dallys Inc's 2019 payroll expenses are estimated to be at least $119,078.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,539 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dallys Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,808
Business Information - Dallys Inc in Laguna Beach, CA
668 N Coast Hwy Ste 1174
Laguna Beach, CA 92651
All Other Health and Personal Care Stores
NAICS code 446199
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 14,381 businesses in the "All Other Health and Personal Care Stores" industry received a total of $593.14M 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, 150% higher than Dallys Inc's reported 2 employees, and received an average PPP loan of $41,245, 66% higher than this company's loan of $24,808.
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Footnotes & Information
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