PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — The Ninety-Nines LLC, Park City, UT

ALERT: There are 2 PPP loans for a total of $51,900 in our database for businesses with the name "The Ninety-Nines LLC" in Park City, UT. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for The Ninety-Nines LLC
UT

The Ninety-Nines LLC

Entity: Limited Liability Company (LLC)

Industry: Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers

Location: Park City, UT

Search All PPP Data

The Ninety-Nines LLC is a limited liability company (LLC) located at 545 Main St Ste A in Park City, Utah that received a Coronavirus-related PPP loan from the SBA of $26,700.00 in February, 2021.

The company has reported itself as a female owned business, and employed at least seven people during the applicable loan loan period.

$ PPP Loan Information
Loan #5349708506

Loan Size:

$26,700

Jobs Retained:

7

Loan Approved:

2021-02-27

Loan Status:

Ongoing Loan

Lender:

America First FCU

The Ninety-Nines LLC in Park City, UT received a Paycheck Protection Loan of $26,700 through America First FCU, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

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, The Ninety-Nines LLC's 2019 payroll expenses are estimated to be at least $128,160.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $18,309 per employee1

Reported PPP Proceed Usage:

On the PPP application, The Ninety-Nines LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $26,698
  • Utilities: $1

Business Information - The Ninety-Nines LLC in Park City, UT

The Ninety-Nines LLC
545 Main St Ste A
Park City, UT 84060

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Summit County, UT — SBA Office 0883 — Congressional District: UT-01

Similar Companies near Park City

In the Park City area, 6 businesses in the "Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 7) and received an average PPP loan of $21,857 (compared to this company's $26,700).

Industry PPP Comparison Statistics

Nationwide, 20,179 businesses in the "Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers" industry received a total of $932.3M 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 4 employees, 43% lower than The Ninety-Nines LLC's reported 7 employees, and received an average PPP loan of $46,202, 73% higher than this company's loan of $26,700.

SBA PPP loan data, payroll data, and salaries for The Ninety Nines LLC
UT

The Ninety Nines LLC

Entity: Limited Liability Company (LLC)

Industry: Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers

Location: Park City, UT

Search All PPP Data

The Ninety Nines LLC is a limited liability company (LLC) located at 545 Main Street, Ste A in Park City, Utah that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information
Loan #7067087101

Loan Size:

$25,200

Jobs Retained:

4

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

America First FCU

The Ninety Nines LLC in Park City, UT received a Paycheck Protection Loan of $25,200 through America First FCU, 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

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 More
Understanding 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 More

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, The Ninety Nines LLC's 2019 payroll expenses are estimated to be at least $120,960.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,240 per employee1

Reported PPP Proceed Usage:

On the PPP application, The Ninety Nines LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,200

Business Information - The Ninety Nines LLC in Park City, UT

The Ninety Nines LLC
545 Main Street, Ste A
Park City, UT 84060

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Summit County, UT — SBA Office 0883 — Congressional District: UT-01

Similar Companies near Park City

In the Park City area, 6 businesses in the "Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 4) and received an average PPP loan of $21,857 (compared to this company's $25,200).

Industry PPP Comparison Statistics

Nationwide, 20,179 businesses in the "Women's, Children's, and Infants' Clothing and Accessories Merchant Wholesalers" industry received a total of $932.3M 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 4 employees, the same amount reported by The Ninety Nines LLC and received an average PPP loan of $46,202, 83% higher than this company's loan of $25,200.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/the-ninety-nines-llc-park-city-ut