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

PPP Loan Data — Merle Norman Palm Desert, Palm Desert, CA

ALERT: There are 2 PPP loans for a total of $33,071 in our database for businesses with the name "Merle Norman Palm Desert" in Palm Desert, 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 Merle Norman Palm Desert

FRANCHISE

CA

Merle Norman Palm Desert

Entity: Corporation

Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores)

Franchise: Merle Norman - Cosmetics Studio Agreement

Location: Palm Desert, CA

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Merle Norman Palm Desert is a corporation located at 44491 Town Center Way Ste D in Palm Desert, California that received a Coronavirus-related PPP loan from the SBA of $8,071.00 in January, 2021. This business is a Merle Norman - Cosmetics Studio Agreement franchise.

$ PPP Loan Information
Loan #3455778303

Loan Size:

$8,071

Jobs Retained:

2

Loan Approved:

2021-01-22

Loan Status:

Ongoing Loan

Lender:

First Bank of the Lake

Merle Norman Palm Desert in Palm Desert, CA received a Paycheck Protection Loan of $8,071 through First Bank of the Lake, which was approved in January, 2021.

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, Merle Norman Palm Desert's 2019 payroll expenses are estimated to be at least $38,741.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $19,371 per employee1

Reported PPP Proceed Usage:

On the PPP application, Merle Norman Palm Desert reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $8,069
  • Utilities: $1

Business Information - Merle Norman Palm Desert in Palm Desert, CA

Merle Norman Palm Desert
44491 Town Center Way Ste D
Palm Desert, CA 92260

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: Y

HUBZone: Y

Rural / Urban: Urban

Riverside County, CA — SBA Office 0920 — Congressional District: CA-36

Similar Companies near Palm Desert

In the Palm Desert area, 33 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $30,178 (compared to this company's $8,071).

Industry PPP Comparison Statistics

Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 4 employees, 100% higher than Merle Norman Palm Desert's reported 2 employees, and received an average PPP loan of $34,329, 325% higher than this company's loan of $8,071.

SBA PPP loan data, payroll data, and salaries for Merle Norman Palm Desert
CA

Merle Norman Palm Desert

Entity: Corporation

Industry: Cosmetics, Beauty Supplies, and Perfume Stores

Location: Palm Desert, CA

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Merle Norman Palm Desert is a corporation located at 44491 Town Center Way, Suite D in Palm Desert, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.

$ PPP Loan Information
Loan #9683657000

Loan Size:

$25,000

Jobs Retained:

3

Loan Approved:

2020-04-09

Loan Status:

Paid in Full or Forgiven

Lender:

CDC Small Business Finance Corporation

Merle Norman Palm Desert in Palm Desert, CA received a Paycheck Protection Loan of $25,000 through CDC Small Business Finance Corporation, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 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, Merle Norman Palm Desert's 2019 payroll expenses are estimated to be at least $120,000.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1

Reported PPP Proceed Usage:

On the PPP application, Merle Norman Palm Desert reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,000

Business Information - Merle Norman Palm Desert in Palm Desert, CA

Merle Norman Palm Desert
44491 Town Center Way, Suite D
Palm Desert, CA 92260

Business Industry:
Cosmetics, Beauty Supplies, and Perfume Stores
NAICS code 446120

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Riverside County, CA — SBA Office 0920 — Congressional District: CA-36

Similar Companies near Palm Desert

In the Palm Desert area, 8 businesses in the "Cosmetics, Beauty Supplies, and Perfume Stores" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $17,098 (compared to this company's $25,000).

Industry PPP Comparison Statistics

Nationwide, 42,410 businesses in the "Cosmetics, Beauty Supplies, and Perfume Stores" industry received a total of $959.22M 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 3 employees, the same amount reported by Merle Norman Palm Desert and received an average PPP loan of $22,618, 10% lower than this company's loan of $25,000.

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/merle-norman-palm-desert-palm-desert-ca