PPP Loan Data — Fotobaby Inc, Honolulu, HI
Fotobaby Inc is a corporation located at 1627 Ala Wai Blvd Apt 103 in Honolulu, Hawaii that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Central Pacific Bank
Fotobaby Inc in Honolulu, HI received a Paycheck Protection Loan of $25,000 through Central Pacific Bank, 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 January, 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, Fotobaby Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Fotobaby Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Fotobaby Inc in Honolulu, HI
1627 Ala Wai Blvd Apt 103
Honolulu, HI 96815
Other Management Consulting Services
NAICS code 541618
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Honolulu
In the Honolulu area, 48 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $52,845 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
KCK Investments Inc
Walnut Street Hospitality Group, LLC
Maritime & Aviation Consultants, Inc
GC Associates USA, LLC
TSE Consulting LLC
Proinsurance Hawaii LLC
MLB Enterprises Inc
The And Factor International LLC
Industry PPP Comparison Statistics
Nationwide, 84,014 businesses in the "Other Management Consulting Services" industry received a total of $3.74B 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 4 employees, 100% higher than Fotobaby Inc's reported 2 employees, and received an average PPP loan of $44,524, 78% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!