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PPP Loan Data — Raezorcutz LLC, Salt Lake City, UT

SBA PPP loan data, payroll data, and salaries for Raezorcutz LLC

Raezorcutz LLC

Entity: Limited Liability Company (LLC)

Industry: Other Personal Care Services

Location: Salt Lake City, UT

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Raezorcutz LLC is a limited liability company (LLC) located in Salt Lake City, Utah that received a Coronavirus-related PPP loan from the SBA of $4,500.00 in July, 2020.

$ PPP Loan Information
Loan #1696838201

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Paid in Full or Forgiven


Mountain America FCU

Raezorcutz LLC in Salt Lake City, UT received a Paycheck Protection Loan of $4,500 through Mountain America FCU, 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 June, 2021.

PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Raezorcutz LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $4,500

Business Information - Raezorcutz LLC in Salt Lake City, UT

Raezorcutz LLC
Salt Lake City, UT
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Other Personal Care Services
NAICS code 812199

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Salt Lake County, UT — SBA Office 0883 — Congressional District: UT-03

Similar Companies near Salt Lake City

In the Salt Lake City area, 15 businesses in the "Other Personal Care Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 1) and received an average PPP loan of $16,428 (compared to this company's $4,500).

Industry PPP Comparison Statistics

Nationwide, 72,502 businesses in the "Other Personal Care Services" industry received a total of $1.71B 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 4 employees, 300% higher than Raezorcutz LLC's reported 1 employees, and received an average PPP loan of $23,647, 425% higher than this company's loan of $4,500.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

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