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PPP Loan Data — Kenneth's Hair Salons & Day Spas Inc,
Columbus, OH
Kenneth's Hair Salons & Day Spas Inc
Entity: Corporation
Industry: Cosmetics, Beauty Supplies, and Perfume Stores
Location: Columbus, OH
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Kenneth's Hair Salons & Day Spas Inc is a corporation located at 5151 Reed Rd Ste 250b in Columbus, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,880,162.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
370Loan Approved:
2020-05-01Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONKenneth's Hair Salons & Day Spas Inc received a Paycheck Protection Loan of $3.88M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Kenneth's Hair Salons & Day Spas Inc's total 2019 payroll expenses were approximately $18.62M in order to qualify for the PPP loan amount received.
Based on their reported 370 jobs retained, this equals an estimated average yearly compensation of $50,337 per employee1.
Business Information - Kenneth's Hair Salons & Day Spas Inc in Columbus, OH
5151 Reed Rd Ste 250b
Columbus, OH 43220
Business Industry
Cosmetics, Beauty Supplies, and Perfume Stores (NAICS code 446120)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: OH-15Industry PPP Comparison Statistics
Nationwide, 7,841 businesses in the "Cosmetics, Beauty Supplies, and Perfume Stores" industry received a total of $310,946,499.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 99% lower than Kenneth's Hair Salons & Day Spas Inc's reported 370 employees, and received an average PPP loan of $39,656, 99% lower than this company's loan of $3.88M.
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.
Footnotes & Information
1. 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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