PPP Loan Data — Salon Linda G Inc, Chesterfield, MO
Salon Linda G Inc is a corporation located at 14852 Clayton Rd in Chesterfield, Missouri that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
The company has reported itself as a White female owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PNC Bank, National Association
Salon Linda G Inc in Chesterfield, MO received a Paycheck Protection Loan of $25,000 through PNC Bank, National Association, which was approved in May, 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, Salon Linda G Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,143 per employee1
Reported PPP Proceed Usage:
On the PPP application, Salon Linda G Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Salon Linda G Inc in Chesterfield, MO
14852 Clayton Rd
Chesterfield, MO 63017
NAICS code 812112
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chesterfield
In the Chesterfield area, 99 businesses in the "Beauty Salons" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 7) and received an average PPP loan of $21,818 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Skin By Lisa LLC - Saf0481
The Glam Room By Lauren Nicole
Cedar Hill, MO
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, 71% lower than Salon Linda G Inc's reported 7 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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