PPP Loan Data — Pearlridge Laundromat Services LLC, Aiea, HI
Pearlridge Laundromat Services LLC is a limited liability company (LLC) located at 98-820 Moanlua Rd Spc#7 in Aiea, Hawaii that received a Coronavirus-related PPP loan from the SBA of $25,335.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of Hawaii
Pearlridge Laundromat Services LLC in Aiea, HI received a Paycheck Protection Loan of $25,335 through Bank of Hawaii, 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, Pearlridge Laundromat Services LLC's 2019 payroll expenses are estimated to be at least $121,608.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,268 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pearlridge Laundromat Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,335
Business Information - Pearlridge Laundromat Services LLC in Aiea, HI
98-820 Moanlua Rd Spc#7
Aiea, HI 96701
Coin-Operated Laundries and Drycleaners
NAICS code 812310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Aiea
In the Aiea area, 2 businesses in the "Coin-Operated Laundries and Drycleaners" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 6) and received an average PPP loan of $24,475 (compared to this company's $25,335).
Similar Nearby Businesses Who Received PPP Funding:
Amornrat Thumanan Diago
Industry PPP Comparison Statistics
Nationwide, 9,073 businesses in the "Coin-Operated Laundries and Drycleaners" industry received a total of $210.37M 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 5 employees, 17% lower than Pearlridge Laundromat Services LLC's reported 6 employees, and received an average PPP loan of $23,187, 8% lower than this company's loan of $25,335.
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Footnotes & Information
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