PPP Loan Data — Pretty Parlor LLC, Reno, NV
Pretty Parlor LLC is a limited liability company (LLC) located at 483 Guerrero Street in Reno, Nevada that received a Coronavirus-related PPP loan from the SBA of $46,070.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Pretty Parlor LLC in Reno, NV received a Paycheck Protection Loan of $46,070 through Wells Fargo Bank, National Association, which was approved in May, 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, Pretty Parlor LLC's 2019 payroll expenses are estimated to be at least $221,136.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,284 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pretty Parlor LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,070
Business Information - Pretty Parlor LLC in Reno, NV
483 Guerrero Street
Reno, NV 89509
NAICS code 812112
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Reno
In the Reno area, 95 businesses in the "Beauty Salons" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $13,735 (compared to this company's $46,070).
Similar Nearby Businesses Who Received PPP Funding:
Cynthia Manson (Cm Hair)
Denise M Iori, Hair Specialist
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, 50% lower than Pretty Parlor LLC's reported 4 employees, and received an average PPP loan of $18,663, 59% lower than this company's loan of $46,070.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!