PPP Loan Data — Pacific Canvas LLC, Honolulu, HI
Pacific Canvas LLC
Entity: Limited Liability Company (LLC)
Franchise: Painting With A Twist
Location: Honolulu, HITweet This • Search All PPP Data
Pacific Canvas LLC is a limited liability company (LLC) located at 7217 Hawaii Kai Dr in Honolulu, Hawaii that received a Coronavirus-related PPP loan from the SBA of $25,310.00 in April, 2020. This business is a Painting With A Twist franchise.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Hawaiian Bank
Pacific Canvas LLC in Honolulu, HI received a Paycheck Protection Loan of $25,310 through First Hawaiian Bank, 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 June, 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, Pacific Canvas LLC's 2019 payroll expenses are estimated to be at least $121,488.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $10,124 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pacific Canvas LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,310
Business Information - Pacific Canvas LLC in Honolulu, HI
7217 Hawaii Kai Dr
Honolulu, HI 96825
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Honolulu
In the Honolulu area, 14 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 12) and received an average PPP loan of $19,365 (compared to this company's $25,310).
Similar Nearby Businesses Who Received PPP Funding:
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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, 67% lower than Pacific Canvas LLC's reported 12 employees, and received an average PPP loan of $34,329, 36% higher than this company's loan of $25,310.
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