PPP Loan Data — Pink Lady LTD, Phila, PA
Pink Lady LTD is a corporation located at 6009 Chestnut Str in Phila, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Santander Bank, National Association
Pink Lady LTD in Phila, PA received a Paycheck Protection Loan of $25,000 through Santander Bank, National Association, 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 April, 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, Pink Lady LTD's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pink Lady LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Pink Lady LTD in Phila, PA
6009 Chestnut Str
Phila, PA 19139
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 Phila
In the Phila area, 391 businesses in the "Beauty Salons" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 5) and received an average PPP loan of $16,961 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Oswald Houslin Jr
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 Pink Lady LTD's reported 5 employees, and received an average PPP loan of $18,663, 25% lower than this company's loan of $25,000.
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Footnotes & Information
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