PPP Loan Data — Spanish Women's Care LLC, Vienna, VA
Spanish Women's Care LLC is a limited liability company (LLC) located at 307 Maple Ave in Vienna, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Active Un-Disbursed
Spanish Women's Care LLC in Vienna, VA received a Paycheck Protection Loan of $25,000 through Northwest FCU, which was approved in May, 2020.
While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $25,000 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in May, 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, Spanish Women's Care LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Spanish Women's Care LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Spanish Women's Care LLC in Vienna, VA
307 Maple Ave
Vienna, VA 22180
Other Personal Care Services
NAICS code 812199
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Vienna
In the Vienna area, 19 businesses in the "Other Personal Care Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $20,033 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Cara Bonita LLC
Cara Bonita DBA Skintelligence
East Wing Spa LLC
Feeling Great LLC
Earls Enterprise LLC
Industry PPP Comparison Statistics
Nationwide, 76,411 businesses in the "Other Personal Care Services" industry received a total of $1.78B 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 3 employees, the same amount reported by Spanish Women's Care LLC and received an average PPP loan of $23,334, 7% lower than this company's loan of $25,000.
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Footnotes & Information
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