PPP Loan Data — Greta's Esthetics, Rosemont, IL
Greta's Esthetics is a sole proprietorship located at 9550 W. Higgins Road, 8th Floor in Rosemont, Illinois that received a Coronavirus-related PPP loan from the SBA of $1,658,601.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 119 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Huntington National Bank
Greta's Esthetics in Rosemont, IL received a Paycheck Protection Loan of $1.66M through The Huntington National Bank, which was approved in April, 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, Greta's Esthetics' 2019 payroll expenses are estimated to be at least $7.96M.
Based on their reported 119 jobs retained, this equals an estimated average yearly compensation of $66,902 per employee1
Reported PPP Proceed Usage:
On the PPP application, Greta's Esthetics reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,658,601
Business Information - Greta's Esthetics in Rosemont, IL
9550 W. Higgins Road, 8th Floor
Rosemont, IL 60018
Credit Card Issuing
NAICS code 522210
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Rosemont
In the Rosemont area, 3 businesses in the "Credit Card Issuing" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 119) and received an average PPP loan of $557,381 (compared to this company's $1.66M).
Similar Nearby Businesses Who Received PPP Funding:
Financial Merchant Solutions Corp
Metropolitan Atm's Corp.,
Industry PPP Comparison Statistics
Nationwide, 164 businesses in the "Credit Card Issuing" industry received a total of $18.99M 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 9 employees, 92% lower than Greta's Esthetics' reported 119 employees, and received an average PPP loan of $115,804, 93% lower than this company's loan of $1.66M.
FederalPay's PPP Information Policy
Footnotes & Information
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