PPP Loan Data — Merle Norman Cosmetics Inc, Los Angeles, CA
Merle Norman Cosmetics Inc is a corporation located at 9130 Bellanca Ave in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $3,816,494.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Merle Norman Cosmetics Inc in Los Angeles, CA received a Paycheck Protection Loan of $3.82M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Merle Norman Cosmetics Inc's total 2019 payroll expenses were approximately $18.32M in order to qualify for the PPP loan amount received.
Based on their reported 244 jobs retained, this equals an estimated average yearly compensation of $75,079 per employee1.
Business Information - Merle Norman Cosmetics Inc in Los Angeles, CA
9130 Bellanca Ave
Los Angeles, CA 90045
Toilet Preparation Manufacturing (NAICS code 325620)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-43
Industry PPP Comparison Statistics
Nationwide, 771 businesses in the "Toilet Preparation Manufacturing" industry received a total of $246,227,574.00 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 25 employees, 90% lower than Merle Norman Cosmetics Inc's reported 244 employees, and received an average PPP loan of $319,361, 92% lower than this company's loan of $3.82M.
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, 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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