PPP Loan Data — Tutu's Beauty & Hair Salon Etc, LLC, Hilliard, OH
Tutu's Beauty & Hair Salon Etc, LLC
Entity: Limited Liability Company (LLC)
Location: Hilliard, OHTweet This • Search All PPP Data
Tutu's Beauty & Hair Salon Etc, LLC is a limited liability company (LLC) located at 2139 Hilliard Rome Road in Hilliard, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Celtic Bank Corporation
Tutu's Beauty & Hair Salon Etc, LLC in Hilliard, OH received a Paycheck Protection Loan of $25,500 through Celtic Bank Corporation, which was approved in May, 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, Tutu's Beauty & Hair Salon Etc, LLC's 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $61,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tutu's Beauty & Hair Salon Etc, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,125
- Utilities: $3,188
- Rent: $3,188
Business Information - Tutu's Beauty & Hair Salon Etc, LLC in Hilliard, OH
2139 Hilliard Rome Road
Hilliard, OH 43026
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Hilliard
In the Hilliard area, 22 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $42,301 (compared to this company's $25,500).
Similar Nearby Businesses Who Received PPP Funding:
Tymark Unlimited Co Inc
Mike Mccormick And Associates LLC
Alternative Risk Management, LTD
M&S Estimatics LLC
Resonant Interactive LLC
Global Star, Inc
Eguez Concepts, LLC
Industry PPP Comparison Statistics
Nationwide, 129,763 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.41B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 150% higher than Tutu's Beauty & Hair Salon Etc, LLC's reported 2 employees, and received an average PPP loan of $57,091, 124% higher than this company's loan of $25,500.
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