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PPP Loan Data — Laseraway Medical Group, Inc.,
Beverly Hills, CA
Laseraway Medical Group, Inc.
Entity: Corporation
Industry: Beauty Salons
Location: Beverly Hills, CA
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Laseraway Medical Group, Inc. is a corporation located at 307 S. Robertson Blvd in Beverly Hills, California that received a Coronavirus-related PPP loan from the SBA of $6,190,500.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
411Loan Approved:
2020-04-11Lender:
BANK OF SOUTHERN CALIFORNIA, NATIONAL ASSOCIATIONLaseraway Medical Group, Inc. received a Paycheck Protection Loan of $6.19M through BANK OF SOUTHERN CALIFORNIA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Laseraway Medical Group, Inc.'s total 2019 payroll expenses were approximately $29.71M in order to qualify for the PPP loan amount received.
Based on their reported 411 jobs retained, this equals an estimated average yearly compensation of $72,298 per employee1.
Business Information - Laseraway Medical Group, Inc. in Beverly Hills, CA
307 S. Robertson Blvd
Beverly Hills, CA 90211
Business Industry
Beauty Salons (NAICS code 812112)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-33Similar Companies near Beverly Hills
In the Beverly Hills area, 122 businesses in the "Beauty Salons" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 411) and received an average PPP loan of $91,045 (compared to this company's $6.19M).
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Industry PPP Comparison Statistics
Nationwide, 93,531 businesses in the "Beauty Salons" industry received a total of $2,199,660,018.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 99% lower than Laseraway Medical Group, Inc.'s reported 411 employees, and received an average PPP loan of $23,518, 100% lower than this company's loan of $6.19M.
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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