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PPP Loan Data — Super C Group LLC,
Bloomfield Hills, MI
FRANCHISE
MISuper C Group LLC
Entity: Limited Liability Company (LLC)
Industry: Beauty Salons
Franchise: Cost Cutters
Location: Bloomfield Hills, MI
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Super C Group LLC is a limited liability company (LLC) located at 36800 Woodward Ave Ste 310 in Bloomfield Hills, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021. This business is a Cost Cutters franchise.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$
PPP Loan Information
Loan #4798978507
Loan Size:
Jobs Retained:
500Loan Approved:
2021-02-26Loan Status:
Paid in Full or ForgivenLender:
Live Oak Banking CompanySuper C Group LLC in Bloomfield Hills, MI received a Paycheck Protection Loan of $2M through Live Oak Banking Company, which was approved in February, 2021.
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 January, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Super C Group LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $19,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, Super C Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Super C Group LLC in Bloomfield Hills, MI
36800 Woodward Ave Ste 310
Bloomfield Hills, MI 48304
Business Industry:
Beauty Salons
NAICS code 812112
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Bloomfield Hills
In the Bloomfield Hills area, 14 businesses in the "Beauty Salons" industry received a PPP loan. These local businesses reported an average of 73 employees (compared to this company's 500) and received an average PPP loan of $592,983 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Nunzio Salon LLC
Bloomfield Hills, MI
Lauren Steele
Bloomfield Hills, MI
Brendon Caryl
Bloomfield Hills, MI
Lavonda Griffin
Bloomfield Hills, MI
John Srabian
Bloomfield Hills, MI
Laux Enterprises LLC
Bloomfield, MI
Marketta Blackshire
Bloomfield Hills, MI
Strafigo LLC
Bloomfield Hills, MI
Industry PPP Comparison Statistics
Nationwide, 458,411 businesses in the "Beauty Salons" industry received a total of $8.57B 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, 100% lower than Super C Group LLC's reported 500 employees, and received an average PPP loan of $18,686, 99% lower than this company's loan of $2M.
Super C Group LLC
Entity: Limited Liability Company (LLC)
Industry: Beauty Salons
Location: Bloomfield Hills, MI
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Super C Group LLC is a limited liability company (LLC) located at 36800 Woodward Ave Suite 310 in Bloomfield Hills, Michigan that received a Coronavirus-related PPP loan from the SBA of $6,096,800.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$
PPP Loan Information
Loan #3429317109
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-11Loan Status:
Paid in Full or ForgivenLender:
Live Oak Banking CompanySuper C Group LLC in Bloomfield Hills, MI received a Paycheck Protection Loan of $6.1M through Live Oak Banking Company, which was approved in April, 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 January, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Super C Group LLC's 2019 payroll expenses are estimated to be at least $29.26M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $58,529 per employee1
Reported PPP Proceed Usage:
On the PPP application, Super C Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $6,096,800
Business Information - Super C Group LLC in Bloomfield Hills, MI
36800 Woodward Ave Suite 310
Bloomfield Hills, MI 48304
Business Industry:
Beauty Salons
NAICS code 812112
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Bloomfield Hills
In the Bloomfield Hills area, 14 businesses in the "Beauty Salons" industry received a PPP loan. These local businesses reported an average of 73 employees (compared to this company's 500) and received an average PPP loan of $592,983 (compared to this company's $6.1M).
Similar Nearby Businesses Who Received PPP Funding:
Nunzio Salon LLC
Bloomfield Hills, MI
Lauren Steele
Bloomfield Hills, MI
Brendon Caryl
Bloomfield Hills, MI
Lavonda Griffin
Bloomfield Hills, MI
John Srabian
Bloomfield Hills, MI
Laux Enterprises LLC
Bloomfield, MI
Marketta Blackshire
Bloomfield Hills, MI
Strafigo LLC
Bloomfield Hills, MI
Industry PPP Comparison Statistics
Nationwide, 458,411 businesses in the "Beauty Salons" industry received a total of $8.57B 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, 100% lower than Super C Group LLC's reported 500 employees, and received an average PPP loan of $18,686, 100% lower than this company's loan of $6.1M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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