PPP Loan Data — Eleven11 Ventures, LLC DBA Shine Salon, Houston, TX
Eleven11 Ventures, LLC DBA Shine Salon is a limited liability company (LLC) located at 1303 S Voss in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $46,352.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Eleven11 Ventures, LLC DBA Shine Salon in Houston, TX received a Paycheck Protection Loan of $46,352 through JPMorgan Chase 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, Eleven11 Ventures, LLC DBA Shine Salon's 2019 payroll expenses are estimated to be at least $222,490.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,784 per employee1
Reported PPP Proceed Usage:
On the PPP application, Eleven11 Ventures, LLC DBA Shine Salon reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,541
- Utilities: $3,304
- Rent: $19,750
- Health Care: $4,757
Business Information - Eleven11 Ventures, LLC DBA Shine Salon in Houston, TX
1303 S Voss
Houston, TX 77057
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 93 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 7) and received an average PPP loan of $55,129 (compared to this company's $46,352).
Similar Nearby Businesses Who Received PPP Funding:
Swiss Chronometers LLC
Liquistream Americas Inc
GNS Mobile LLC
JCH Voss LLC
Global Pastor Training
M Halmagean PLLC
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 43% higher than Eleven11 Ventures, LLC DBA Shine Salon's reported 7 employees, and received an average PPP loan of $42,878, 7% lower than this company's loan of $46,352.
FederalPay's PPP Information Policy
Footnotes & Information
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