PPP Loan Data — Sole Aesthetic, LLC, Bellaire, TX
Sole Aesthetic, LLC is a limited liability company (LLC) located at 5959 West Loop South, Suite 1 Suite 130 in Bellaire, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Sole Aesthetic, LLC in Bellaire, TX received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, 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, Sole Aesthetic, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sole Aesthetic, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $8,000
- Utilities: $6,000
- Rent: $6,000
- Debt Interest: $5,000
Business Information - Sole Aesthetic, LLC in Bellaire, TX
5959 West Loop South, Suite 1 Suite 130
Bellaire, TX 77401
Offices of Podiatrists
NAICS code 621391
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bellaire
In the Bellaire area, 3 businesses in the "Offices of Podiatrists" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $25,958 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Calo Foot & Ankle Specialists, PLLC
Industry PPP Comparison Statistics
Nationwide, 7,173 businesses in the "Offices of Podiatrists" industry received a total of $380.91M 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 6 employees, 50% higher than Sole Aesthetic, LLC's reported 4 employees, and received an average PPP loan of $53,103, 112% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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