PPP Loan Data — Hasbun's, Inc, Lodi, CA
Hasbun's, Inc is a corporation located at 10313 E. Hwy. 12 in Lodi, California that received a Coronavirus-related PPP loan from the SBA of $46,810.00 in April, 2020. This business is a SportClips franchise.
The company has reported itself as a White female owned business, and employed at least fifteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Spirit of Texas Bank, SSB
Hasbun's, Inc in Lodi, CA received a Paycheck Protection Loan of $46,810 through Spirit of Texas Bank, SSB, 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 February, 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, Hasbun's, Inc's 2019 payroll expenses are estimated to be at least $224,688.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $14,979 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hasbun's, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,810
Business Information - Hasbun's, Inc in Lodi, CA
10313 E. Hwy. 12
Lodi, CA 95240
NAICS code 812111
Business Owner Demographics
Ethnicity: 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 Lodi
In the Lodi area, 11 businesses in the "Barber Shops" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 15) and received an average PPP loan of $17,856 (compared to this company's $46,810).
Similar Nearby Businesses Who Received PPP Funding:
Fadez And Fitz By Vell
Lodi Barber Shop
Industry PPP Comparison Statistics
Nationwide, 135,477 businesses in the "Barber Shops" industry received a total of $2.46B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 2 employees, 87% lower than Hasbun's, Inc's reported 15 employees, and received an average PPP loan of $18,164, 61% lower than this company's loan of $46,810.
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Footnotes & Information
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