PPP Loan Data — Supernova Tonsorial Forces Inc, Tacoma, WA
Supernova Tonsorial Forces Inc is a corporation located at 817 Division Ave in Tacoma, Washington that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Supernova Tonsorial Forces Inc in Tacoma, WA received a Paycheck Protection Loan of $25,000 through Verity CU, which was approved in January, 2021.
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, Supernova Tonsorial Forces Inc'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, Supernova Tonsorial Forces Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Refinance EIDL: $25,000
Business Information - Supernova Tonsorial Forces Inc in Tacoma, WA
817 Division Ave
Tacoma, WA 98403
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 Tacoma
In the Tacoma area, 70 businesses in the "Beauty Salons" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $15,709 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Baroque Salon LLC
Miss Ehrin PLLC
Melynda J Callahan
Jill Ogden LLC
Kally Threading 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, 33% lower than Supernova Tonsorial Forces Inc's reported 3 employees, and received an average PPP loan of $18,663, 25% lower than this company's loan of $25,000.
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Footnotes & Information
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