PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Regal Nails, San Antonio, TX

ALERT: There are 2 PPP loans for a total of $77,850 in our database for businesses with the name "Regal Nails" in San Antonio, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Regal Nails
TX

Regal Nails

Entity: Sole Proprietorship

Industry: Beauty Salons

Location: San Antonio, TX

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Regal Nails is a sole proprietorship located at 4100 S New Braunfels Ave in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $66,808.00 in February, 2021.

The company has reported itself as a male owned business, and employed at least fifteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #5489618407

Loan Size:

$66,808

Jobs Retained:

15

Loan Approved:

2021-02-08

Loan Status:

Ongoing Loan

Lender:

Itria Ventures LLC

Regal Nails in San Antonio, TX received a Paycheck Protection Loan of $66,808 through Itria Ventures LLC, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Regal Nails' 2019 payroll expenses are estimated to be at least $320,678.

Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $21,379 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $66,805

Business Information - Regal Nails in San Antonio, TX

Regal Nails
4100 S New Braunfels Ave
San Antonio, TX 78223

Business Industry:
Beauty Salons
NAICS code 812112

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Bexar County, TX — SBA Office 0681 — Congressional District: TX-35

Similar Companies near San Antonio

In the San Antonio area, 48 businesses in the "Beauty Salons" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 15) and received an average PPP loan of $14,273 (compared to this company's $66,808).

Industry PPP Comparison Statistics

Nationwide, 459,305 businesses in the "Beauty Salons" industry received a total of $8.59B 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, 87% lower than Regal Nails' reported 15 employees, and received an average PPP loan of $18,694, 72% lower than this company's loan of $66,808.

SBA PPP loan data, payroll data, and salaries for Regal Nails
TX

Regal Nails

Entity: Sole Proprietorship

Industry: Barber Shops

Location: San Antonio, TX

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Regal Nails is a sole proprietorship located at 2100 Se Loop 410 in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $11,042.00 in May, 2020.

$ PPP Loan Information
Loan #8470507308

Loan Size:

$11,042

Jobs Retained:

6

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

Regal Nails in San Antonio, TX received a Paycheck Protection Loan of $11,042 through Bank of America, National Association, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Regal Nails' 2019 payroll expenses are estimated to be at least $53,002.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $8,834 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $11,042

Business Information - Regal Nails in San Antonio, TX

Regal Nails
2100 Se Loop 410
San Antonio, TX 78220

Business Industry:
Barber Shops
NAICS code 812111

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Bexar County, TX — SBA Office 0681 — Congressional District: TX-28

Similar Companies near San Antonio

In the San Antonio area, 20 businesses in the "Barber Shops" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 6) and received an average PPP loan of $13,515 (compared to this company's $11,042).

Industry PPP Comparison Statistics

Nationwide, 124,110 businesses in the "Barber Shops" industry received a total of $2.24B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 2 employees, 67% lower than Regal Nails' reported 6 employees, and received an average PPP loan of $18,076, 64% higher than this company's loan of $11,042.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/regal-nails-san-antonio-tx