PPP Loan Data — Gateway Med Spa, Mira Loma, CA
Gateway Med Spa is a sole proprietorship located at 6080 Hamner Avenue Suite 102 in Mira Loma, California that received a Coronavirus-related PPP loan from the SBA of $46,150.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Gateway Med Spa in Mira Loma, CA received a Paycheck Protection Loan of $46,150 through JPMorgan Chase Bank, National Association, which was approved in June, 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 March, 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, Gateway Med Spa's 2019 payroll expenses are estimated to be at least $221,520.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,920 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gateway Med Spa reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $27,690
- Utilities: $4,615
- Rent: $13,845
Business Information - Gateway Med Spa in Mira Loma, CA
6080 Hamner Avenue Suite 102
Mira Loma, CA 91752
Other Personal Care Services
NAICS code 812199
Business Owner Demographics
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mira Loma
In the Mira Loma area, 13 businesses in the "Other Personal Care Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 6) and received an average PPP loan of $44,119 (compared to this company's $46,150).
Similar Nearby Businesses Who Received PPP Funding:
Me Wellness Inc
Mira Loma, CA
Gilded Services, LLC
Industry PPP Comparison Statistics
Nationwide, 76,411 businesses in the "Other Personal Care Services" industry received a total of $1.78B 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 3 employees, 50% lower than Gateway Med Spa's reported 6 employees, and received an average PPP loan of $23,334, 49% lower than this company's loan of $46,150.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!