PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Gregory's Tux Shop Inc, Los Angeles, CA

ALERT: There are 2 PPP loans for a total of $37,681 in our database for businesses with the name "Gregory's Tux Shop Inc" in Los Angeles, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Gregory's Tux Shop Inc
CA

Gregory's Tux Shop Inc

Entity: Corporation

Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores)

Location: Los Angeles, CA

Search All PPP Data

Gregory's Tux Shop Inc is a corporation located at 12051 West Magnolia Boulevard in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $17,181.00 in March, 2021.

The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.

$ PPP Loan Information
Loan #1153748605

Loan Size:

$17,181

Jobs Retained:

3

Loan Approved:

2021-03-12

Loan Status:

Ongoing Loan

Lender:

Cross River Bank

Gregory's Tux Shop Inc in Los Angeles, CA received a Paycheck Protection Loan of $17,181 through Cross River Bank, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Gregory's Tux Shop Inc's 2019 payroll expenses are estimated to be at least $82,469.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $27,490 per employee1

Reported PPP Proceed Usage:

On the PPP application, Gregory's Tux Shop Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $17,179
  • Utilities: $1

Business Information - Gregory's Tux Shop Inc in Los Angeles, CA

Gregory's Tux Shop Inc
12051 West Magnolia Boulevard
Los Angeles, CA 91601

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-29

Similar Companies near Los Angeles

In the Los Angeles area, 66 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $49,918 (compared to this company's $17,181).

Industry PPP Comparison Statistics

Nationwide, 146,534 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.11B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 4 employees, 33% higher than Gregory's Tux Shop Inc's reported 3 employees, and received an average PPP loan of $34,905, 103% higher than this company's loan of $17,181.

SBA PPP loan data, payroll data, and salaries for Gregory's Tux Shop Inc
CA

Gregory's Tux Shop Inc

Entity: Corporation

Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores)

Location: Los Angeles, CA

Search All PPP Data

Gregory's Tux Shop Inc is a corporation located at 12051 Magnolia Boulevard, Valley Village in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $20,500.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.

$ PPP Loan Information
Loan #5587227100

Loan Size:

$20,500

Jobs Retained:

3

Loan Approved:

2020-04-13

Loan Status:

Paid in Full or Forgiven

Lender:

Customers Bank

Gregory's Tux Shop Inc in Los Angeles, CA received a Paycheck Protection Loan of $20,500 through Customers 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 April, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Gregory's Tux Shop Inc's 2019 payroll expenses are estimated to be at least $98,400.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $32,800 per employee1

Reported PPP Proceed Usage:

On the PPP application, Gregory's Tux Shop Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,500

Business Information - Gregory's Tux Shop Inc in Los Angeles, CA

Gregory's Tux Shop Inc
12051 Magnolia Boulevard, Valley Village
Los Angeles, CA 91607

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-30

Similar Companies near Los Angeles

In the Los Angeles area, 56 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $26,402 (compared to this company's $20,500).

Industry PPP Comparison Statistics

Nationwide, 146,534 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.11B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 4 employees, 33% higher than Gregory's Tux Shop Inc's reported 3 employees, and received an average PPP loan of $34,905, 70% higher than this company's loan of $20,500.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/gregorys-tux-shop-inc-los-angeles-ca