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PPP Loan Data — Kenneth's Hair Salons & Day Spas Inc, Columbus, OH

SBA PPP loan data, payroll data, and salaries for Kenneth's Hair Salons & Day Spas Inc
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:

$3.88M

Jobs Retained:

370

Loan Approved:

2020-05-01

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Kenneth'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.

Because the loan received by Kenneth's Hair Salons & Day Spas Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Kenneth's Hair Salons & Day Spas Inc in Columbus, OH

Kenneth's Hair Salons & Day Spas Inc
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-15

Industry 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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/kenneths-hair-salons-and-day-spas-inc-columbus-oh