PPP Loan Data — Pat Than La, Glendale, CA
Pat Than La is a sole proprietorship located at 130 S Brand Blvd in Glendale, California that received a Coronavirus-related PPP loan from the SBA of $25,427.00 in July, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Pat Than La in Glendale, CA received a Paycheck Protection Loan of $25,427 through JPMorgan Chase Bank, National Association, which was approved in July, 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 May, 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, Pat Than La's 2019 payroll expenses are estimated to be at least $122,050.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,410 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pat Than La reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,504
- Utilities: $423
- Rent: $4,500
Business Information - Pat Than La in Glendale, CA
130 S Brand Blvd
Glendale, CA 91204
NAICS code 812112
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Glendale
In the Glendale area, 134 businesses in the "Beauty Salons" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $22,669 (compared to this company's $25,427).
Similar Nearby Businesses Who Received PPP Funding:
Beauty Sign LLC
Steven Mata Hair Salon
Beverly Hills, CA
Studio Beaut, Inc
Industry PPP Comparison Statistics
Nationwide, 489,088 businesses in the "Beauty Salons" industry received a total of $9.13B in PPP loans. These businesses account for 4% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 2 employees, 60% lower than Pat Than La's reported 5 employees, and received an average PPP loan of $18,663, 27% lower than this company's loan of $25,427.
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Footnotes & Information
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