PPP Loan Data — Elegant Beauty Salon Inc, Omaha, NE
Elegant Beauty Salon Inc is a corporation located at 5170 72nd St S in Omaha, Nebraska that received a Coronavirus-related PPP loan from the SBA of $25,060.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
Elegant Beauty Salon Inc in Omaha, NE received a Paycheck Protection Loan of $25,060 through U.S. Bank, National Association, which was approved in May, 2020.
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, Elegant Beauty Salon Inc's 2019 payroll expenses are estimated to be at least $120,288.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,036 per employee1
Reported PPP Proceed Usage:
On the PPP application, Elegant Beauty Salon Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,060
Business Information - Elegant Beauty Salon Inc in Omaha, NE
5170 72nd St S
Omaha, NE 68127
NAICS code 812112
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Omaha
In the Omaha area, 46 businesses in the "Beauty Salons" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 8) and received an average PPP loan of $11,011 (compared to this company's $25,060).
Similar Nearby Businesses Who Received PPP Funding:
La Vista, NE
Ingrid At Salon Ink
La Vista, NE
Industry PPP Comparison Statistics
Nationwide, 489,088 businesses in the "Beauty Salons" industry received a total of $9.13B in PPP loans. These businesses account for 4% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 2 employees, 75% lower than Elegant Beauty Salon Inc's reported 8 employees, and received an average PPP loan of $18,663, 26% lower than this company's loan of $25,060.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!