PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Markwins Beauty Brands Inc, City Of Industry, CA

ALERT: There are 2 PPP loans for a total of $7.08M in our database for businesses with the name "Markwins Beauty Brands Inc" in City Of Industry, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Markwins Beauty Brands Inc
CA

Markwins Beauty Brands Inc

Entity: Corporation

Industry: Toilet Preparation Manufacturing

Location: City Of Industry, CA

Search All PPP Data

Markwins Beauty Brands Inc is a corporation located at 22067 Ferrero in City Of Industry, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.

$ PPP Loan Information
Loan #6348508606

Loan Size:

$2M
PPP Funds Undisbursed

Jobs Retained:

219

Loan Approved:

2021-03-23

Loan Status:

Active Un-Disbursed

Lender:

JPMorgan Chase Bank, National Association

Markwins Beauty Brands Inc in City Of Industry, CA received a Paycheck Protection Loan of $2M through JPMorgan Chase Bank, National Association, which was approved in March, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $2M in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 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 More
Understanding 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 More

Based 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, Markwins Beauty Brands Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 219 jobs retained, this equals an estimated average yearly compensation of $43,836 per employee1

Reported PPP Proceed Usage:

On the PPP application, Markwins Beauty Brands Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,999
Because the loan received by Markwins Beauty Brands 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 - Markwins Beauty Brands Inc in City Of Industry, CA

Markwins Beauty Brands Inc
22067 Ferrero
City Of Industry, CA 91789

Business Industry:
Toilet Preparation Manufacturing
NAICS code 325620

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-39

Similar Companies near City Of Industry

In the City Of Industry area, 3 businesses in the "Toilet Preparation Manufacturing" industry received a PPP loan. These local businesses reported an average of 165 employees (compared to this company's 219) and received an average PPP loan of $2,377,762 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 1,134 businesses in the "Toilet Preparation Manufacturing" industry received a total of $303.84M 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 25 employees, 89% lower than Markwins Beauty Brands Inc's reported 219 employees, and received an average PPP loan of $267,941, 87% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Markwins Beauty Brands, Inc
CA

Markwins Beauty Brands, Inc

Entity: Corporation

Industry: Toilet Preparation Manufacturing

Location: City Of Industry, CA

Search All PPP Data

Markwins Beauty Brands, Inc is a corporation located at 22067 Ferrero Parkway 0.0 in City Of Industry, California that received a Coronavirus-related PPP loan from the SBA of $5,075,585.00 in April, 2020.

$ PPP Loan Information
Loan #9888427005

Loan Size:

$5.08M

Jobs Retained:

269

Loan Approved:

2020-04-09

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

Markwins Beauty Brands, Inc in City Of Industry, CA received a Paycheck Protection Loan of $5.08M through JPMorgan Chase Bank, National Association, which was approved in April, 2020.

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 More
Understanding 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 More

Based 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, Markwins Beauty Brands, Inc's 2019 payroll expenses are estimated to be at least $24.36M.

Based on their reported 269 jobs retained, this equals an estimated average yearly compensation of $90,568 per employee1

Reported PPP Proceed Usage:

On the PPP application, Markwins Beauty Brands, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $4,700,000
  • Utilities: $75,585
  • Health Care: $300,000
Because the loan received by Markwins Beauty Brands, 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 - Markwins Beauty Brands, Inc in City Of Industry, CA

Markwins Beauty Brands, Inc
22067 Ferrero Parkway 0.0
City Of Industry, CA 91789

Business Industry:
Toilet Preparation Manufacturing
NAICS code 325620

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-39

Similar Companies near City Of Industry

In the City Of Industry area, 3 businesses in the "Toilet Preparation Manufacturing" industry received a PPP loan. These local businesses reported an average of 165 employees (compared to this company's 269) and received an average PPP loan of $2,377,762 (compared to this company's $5.08M).

Industry PPP Comparison Statistics

Nationwide, 1,134 businesses in the "Toilet Preparation Manufacturing" industry received a total of $303.84M 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 25 employees, 91% lower than Markwins Beauty Brands, Inc's reported 269 employees, and received an average PPP loan of $267,941, 95% lower than this company's loan of $5.08M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/markwins-beauty-brands-inc-city-of-industry-ca