PPP Loan Data — Stylistics Salon And Spa LLC, Attica, IN
Stylistics Salon And Spa LLC is a limited liability company (LLC) located at 1002 East Main Street in Attica, Indiana that received a Coronavirus-related PPP loan from the SBA of $25,370.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Stylistics Salon And Spa LLC in Attica, IN received a Paycheck Protection Loan of $25,370 through CentreBank, 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, Stylistics Salon And Spa LLC's 2019 payroll expenses are estimated to be at least $121,776.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,888 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stylistics Salon And Spa LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,370
Business Information - Stylistics Salon And Spa LLC in Attica, IN
1002 East Main Street
Attica, IN 47918
NAICS code 812112
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Attica
In the Attica area, 6 businesses in the "Beauty Salons" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $14,883 (compared to this company's $25,370).
Similar Nearby Businesses Who Received PPP Funding:
Kira C Corbin
Finishing Touch Hair & Tanning Salon LLC
Catherine S Pattengale
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, the same amount reported by Stylistics Salon And Spa LLC and received an average PPP loan of $18,663, 26% lower than this company's loan of $25,370.
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Footnotes & Information
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