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PPP Loan Data — Jamie Le,
Howell, NJ
Jamie Le
Entity: Sole Proprietorship
Industry: Beauty Salons
Location: Howell, NJ
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Jamie Le is a sole proprietorship located at 3436 Us Highway 9 in Howell, New Jersey that received a Coronavirus-related PPP loan from the SBA of $21,222.00 in January, 2021.
The company has reported itself as an Asian female owned business, and employed at least three people during the applicable loan loan period.
$
PPP Loan Information
Loan #2843698300
Loan Size:
Jobs Retained:
3Loan Approved:
2021-01-21Loan Status:
Ongoing LoanLender:
Wells Fargo Bank, National AssociationJamie Le in Howell, NJ received a Paycheck Protection Loan of $21,222 through Wells Fargo Bank, National Association, which was approved in January, 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.
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 MoreUnderstanding 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 MoreBased 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, Jamie Le's 2019 payroll expenses are estimated to be at least $101,866.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $33,955 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jamie Le reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $21,220
- Utilities: $1
Business Information - Jamie Le in Howell, NJ
3436 Us Highway 9
Howell, NJ 7731
Business Industry:
Beauty Salons
NAICS code 812112
Business Owner Demographics
Race: Asian
Ethnicity: Unreported
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Howell
In the Howell area, 25 businesses in the "Beauty Salons" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 3) and received an average PPP loan of $43,854 (compared to this company's $21,222).
Similar Nearby Businesses Who Received PPP Funding:
Anteirah Mitchell
Howell, NJ
Moranda Heine
Howell, NJ
Metro Salon Of Howell, LLC
Howell, NJ
Exquisite Hair & Nail Studio, LLC
Howell, NJ
Dahll Enterprises
Howell, NJ
Shear Sensations Of Howell Limited Liability Company
Howell, NJ
Hair Philosophy LLC
Hazlet, NJ
La Hair Design
Howell, NJ
Shear Class LLC
Hazlet, NJ
Industry PPP Comparison Statistics
Nationwide, 459,305 businesses in the "Beauty Salons" industry received a total of $8.59B in PPP loans. These businesses account for 4% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 2 employees, 33% lower than Jamie Le's reported 3 employees, and received an average PPP loan of $18,694, 12% lower than this company's loan of $21,222.
Jamie Le
Entity: Sole Proprietorship
Industry: Nail Salons
Location: Howell, NJ
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Jamie Le is a sole proprietorship located at 3436 Us Highway 9 in Howell, New Jersey that received a Coronavirus-related PPP loan from the SBA of $21,224.00 in April, 2020.
The company has reported itself as an Asian female owned business, and employed at least three people during the applicable loan loan period.
$
PPP Loan Information
Loan #7838407307
Loan Size:
Jobs Retained:
3Loan Approved:
2020-04-30Loan Status:
Paid in Full or ForgivenLender:
Wells Fargo Bank, National AssociationJamie Le in Howell, NJ received a Paycheck Protection Loan of $21,224 through Wells Fargo Bank, National Association, 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 June, 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 MoreUnderstanding 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 MoreBased 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, Jamie Le's 2019 payroll expenses are estimated to be at least $101,875.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $33,958 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jamie Le reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $21,224
Business Information - Jamie Le in Howell, NJ
3436 Us Highway 9
Howell, NJ 7731
Business Industry:
Nail Salons
NAICS code 812113
Business Owner Demographics
Race: Asian
Ethnicity: Unreported
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Howell
In the Howell area, 29 businesses in the "Nail Salons" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 3) and received an average PPP loan of $22,122 (compared to this company's $21,224).
Similar Nearby Businesses Who Received PPP Funding:
Celebrity Nails LLC
Howell, NJ
Nails By Sarah LLC
Hazlet, NJ
XO Nails & Spa 2 LLC
Howell, NJ
Dinh Nguyen
Howell, NJ
New Luxury Nail & Spa LLC
Hazlet, NJ
Bingyi Wang
Wall Township, NJ
Joanne T Phung LLC
Howell, NJ
Leewood Nails Salon LLC
Hazlet, NJ
Shear Sensations
Howell, NJ
Industry PPP Comparison Statistics
Nationwide, 107,452 businesses in the "Nail Salons" industry received a total of $1.62B 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, the same amount reported by Jamie Le and received an average PPP loan of $15,065, 29% lower than this company's loan of $21,224.
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.
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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