PPP Loan Data — Neptunes Touch LLC, San Martin, CA
Neptunes Touch LLC is a limited liability company (LLC) located at 35 E 1st Street Suite A in San Martin, California that received a Coronavirus-related PPP loan from the SBA of $24,809.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Square Capital, LLC
Neptunes Touch LLC in San Martin, CA received a Paycheck Protection Loan of $24,809 through Square Capital, LLC, which was approved in May, 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 March, 2021.
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, Neptunes Touch LLC's 2019 payroll expenses are estimated to be at least $119,083.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $11,908 per employee1
Reported PPP Proceed Usage:
On the PPP application, Neptunes Touch LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,607
- Utilities: $3,101
- Mortgage Interest: $3,101
Business Information - Neptunes Touch LLC in San Martin, CA
35 E 1st Street Suite A
San Martin, CA 95046
Other Personal Care Services
NAICS code 812199
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near San Martin
In the San Martin area, 2 businesses in the "Other Personal Care Services" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 10) and received an average PPP loan of $210,590 (compared to this company's $24,809).
Similar Nearby Businesses Who Received PPP Funding:
The Australian Tanning Comapny LLC
San Martin, CA
Industry PPP Comparison Statistics
Nationwide, 76,411 businesses in the "Other Personal Care Services" industry received a total of $1.78B 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, 70% lower than Neptunes Touch LLC's reported 10 employees, and received an average PPP loan of $23,334, 6% lower than this company's loan of $24,809.
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Footnotes & Information
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