PPP Loan Data — Slayman, Inc, Montgomery, AL
Slayman, Inc is a subchapter s corporation located at 7964 Vaughn Rd in Montgomery, Alabama that received a Coronavirus-related PPP loan from the SBA of $46,800.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:River Bank & Trust
Slayman, Inc in Montgomery, AL received a Paycheck Protection Loan of $46,800 through River Bank & Trust, which was approved in April, 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, Slayman, Inc's 2019 payroll expenses are estimated to be at least $224,640.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, Slayman, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,800
Business Information - Slayman, Inc in Montgomery, AL
7964 Vaughn Rd
Montgomery, AL 36116
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 Montgomery
In the Montgomery area, 369 businesses in the "Beauty Salons" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 9) and received an average PPP loan of $15,211 (compared to this company's $46,800).
Similar Nearby Businesses Who Received PPP Funding:
Shear Experience, LLC
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, 78% lower than Slayman, Inc's reported 9 employees, and received an average PPP loan of $18,663, 60% lower than this company's loan of $46,800.
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Footnotes & Information
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