PPP Loan Data — Pampered Nails, Pelham, NH
Pampered Nails is a sole proprietorship located at 122 Bridge St 4 in Pelham, New Hampshire that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Citizens Bank, National Association
Pampered Nails in Pelham, NH received a Paycheck Protection Loan of $25,200 through Citizens Bank, National Association, 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, Pampered Nails' 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pampered Nails reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Pampered Nails in Pelham, NH
122 Bridge St 4
Pelham, NH 3076
NAICS code 812113
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Pelham
In the Pelham area, 5 businesses in the "Nail Salons" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $21,040 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Venice Nails & Spa LLC
Venice Nails And Spa LLC Venice Nails And Spa
KD Nails Studio LLC
Industry PPP Comparison Statistics
Nationwide, 111,177 businesses in the "Nail Salons" industry received a total of $1.68B 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, 25% lower than Pampered Nails' reported 4 employees, and received an average PPP loan of $15,074, 40% lower than this company's loan of $25,200.
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Footnotes & Information
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