PPP Loan Data — TAL, Inc, Alhambra, CA
TAL, Inc is a corporation located at 935 S Garfield Ave in Alhambra, California that received a Coronavirus-related PPP loan from the SBA of $46,381.00 in April, 2020.
The company has reported itself as an Asian female owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:New Omni Bank, National Association
TAL, Inc in Alhambra, CA received a Paycheck Protection Loan of $46,381 through New Omni Bank, National Association, 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 February, 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, TAL, Inc's 2019 payroll expenses are estimated to be at least $222,629.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,526 per employee1
Reported PPP Proceed Usage:
On the PPP application, TAL, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $38,381
- Mortgage Interest: $8,000
Business Information - TAL, Inc in Alhambra, CA
935 S Garfield Ave
Alhambra, CA 91801
Pharmacies and Drug Stores
NAICS code 446110
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 Alhambra
In the Alhambra area, 8 businesses in the "Pharmacies and Drug Stores" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 5) and received an average PPP loan of $73,991 (compared to this company's $46,381).
Similar Nearby Businesses Who Received PPP Funding:
Golden Elite Pharmacy Inc
Max Pharmacy Inc
Healthy Pharmacy Inc
Valley Square Pharmacy Inc
Industry PPP Comparison Statistics
Nationwide, 18,035 businesses in the "Pharmacies and Drug Stores" industry received a total of $1.7B 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 12 employees, 140% higher than TAL, Inc's reported 5 employees, and received an average PPP loan of $94,214, 103% higher than this company's loan of $46,381.
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Footnotes & Information
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