PPP Loan Data — MAI Ho, Minneapolis, MN
MAI Ho is a sole proprietorship located in Minneapolis, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,114.00 in June, 2020.
$ PPP Loan Information
Lender:U.S. BANK, NATIONAL ASSOCIATION
MAI Ho received a Paycheck Protection Loan of $4,114 through U.S. BANK, NATIONAL ASSOCIATION, which was approved in June, 2020.
Because MAI Ho is a Sole Proprietorship reporting a single employee, the PPP loan amount received may be based on the business's total income.
Based on PPP calculation rules, this business earned $19,747 in 2019.
Business Information - MAI Ho in Minneapolis, MN
[FULL ADDRESS REDACTED]
Beauty Salons (NAICS code 812112)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MN-05
Similar Companies near Minneapolis
In the Minneapolis area, 17 businesses in the "Beauty Salons" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 1) and received an average PPP loan of $286,134 (compared to this company's $4,114).
Similar Nearby Businesses Who Received PPP Funding:
John Steele Inc
St. Paul, MN
Katie M. Imp
Nafisas Studio Inc
Lisa Hansen - Hair Stylist
Kenwood Hair Design, Inc.
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, 200% higher than MAI Ho's reported 1 employees, and received an average PPP loan of $23,518, 472% higher than this company's loan of $4,114.
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. 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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