PPP Loan Data — Home Cosmetics Corporation, Coral Gables, FL
Home Cosmetics Corporation
Entity: Subchapter S Corporation
Location: Coral Gables, FLTweet This • Search All PPP Data
Home Cosmetics Corporation is a subchapter s corporation located at 1421 Agua Avenue in Coral Gables, Florida that received a Coronavirus-related PPP loan from the SBA of $24,858.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Home Cosmetics Corporation in Coral Gables, FL received a Paycheck Protection Loan of $24,858 through Sunstate 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 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, Home Cosmetics Corporation's 2019 payroll expenses are estimated to be at least $119,318.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,659 per employee1
Reported PPP Proceed Usage:
On the PPP application, Home Cosmetics Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,886
- Rent: $4,972
Business Information - Home Cosmetics Corporation in Coral Gables, FL
1421 Agua Avenue
Coral Gables, FL 33156
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Ethnicity: Hispanic or Latino
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 Coral Gables
In the Coral Gables area, 107 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 2) and received an average PPP loan of $135,748 (compared to this company's $24,858).
Similar Nearby Businesses Who Received PPP Funding:
Ocean Contractors, LLC
L & J Construction Management, LLC
Palmetto Bay, FL
Epic Construction Inc
YM Investment Construction Inc
WM Professional Services
MC &C Services, LLC
Gen-Ex Buildiers, LLC
Palmetto Bay, FL
GR Construction Management & Repair Services LLC
Cutler Bay, FL
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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 12 employees, 500% higher than Home Cosmetics Corporation's reported 2 employees, and received an average PPP loan of $157,325, 533% higher than this company's loan of $24,858.
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