PPP Loan Data — Nancy M Castrillo DBA Clip-N-Dip Grooming, Temple, TX
Nancy M Castrillo DBA Clip-N-Dip Grooming is a sole proprietorship located at 2903 Thornton Ln in Temple, Texas that received a Coronavirus-related PPP loan from the SBA of $25,322.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Loan Source Incorporated
Nancy M Castrillo DBA Clip-N-Dip Grooming in Temple, TX received a Paycheck Protection Loan of $25,322 through Loan Source Incorporated, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Nancy M Castrillo DBA Clip-N-Dip Grooming's 2019 payroll expenses are estimated to be at least $121,546.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,387 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nancy M Castrillo DBA Clip-N-Dip Grooming reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,322
Business Information - Nancy M Castrillo DBA Clip-N-Dip Grooming in Temple, TX
2903 Thornton Ln
Temple, TX 76502
Pet Care (except Veterinary) Services
NAICS code 812910
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Temple
In the Temple area, 6 businesses in the "Pet Care (except Veterinary) Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 4) and received an average PPP loan of $21,897 (compared to this company's $25,322).
Similar Nearby Businesses Who Received PPP Funding:
Hansy Enterprise Inc
Hansy Enterprises Inc
Industry PPP Comparison Statistics
Nationwide, 32,185 businesses in the "Pet Care (except Veterinary) Services" industry received a total of $1.07B 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 6 employees, 50% higher than Nancy M Castrillo DBA Clip-N-Dip Grooming's reported 4 employees, and received an average PPP loan of $33,319, 32% higher than this company's loan of $25,322.
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Footnotes & Information
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