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PPP Loan Data — Two Jinn, Inc,
Carlsbad, CA
Two Jinn, Inc
Entity: Corporation
Industry: All Other Personal Services
Location: Carlsbad, CA
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Two Jinn, Inc is a corporation located at 1000 Aviara Dr Ste 300 in Carlsbad, California that received a Coronavirus-related PPP loan from the SBA of $5,131,800.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 392 people during the applicable loan loan period.
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PPP Loan Information
Loan #1652157200
Loan Size:
Jobs Retained:
392Loan Approved:
2020-04-15Loan Status:
Paid in Full or ForgivenLender:
Bank of Southern California National AssociationTwo Jinn, Inc in Carlsbad, CA received a Paycheck Protection Loan of $5.13M through Bank of Southern California 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 July, 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 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, Two Jinn, Inc's 2019 payroll expenses are estimated to be at least $24.63M.
Based on their reported 392 jobs retained, this equals an estimated average yearly compensation of $62,838 per employee1
Reported PPP Proceed Usage:
On the PPP application, Two Jinn, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,848,850
- Utilities: $1,282,950
Business Information - Two Jinn, Inc in Carlsbad, CA
1000 Aviara Dr Ste 300
Carlsbad, CA 92011
Business Industry:
All Other Personal Services
NAICS code 812990
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
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as Two Jinn, Inc.
Aladdin Bail Bonds Utah, LLC
All Other Personal Services
Aladdin Bail Nv, Inc
Direct Property and Casualty Insurance Carriers
California Surety Investigations, LLC
Investigation Services
Similar Companies near Carlsbad
In the Carlsbad area, 41 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 392) and received an average PPP loan of $159,916 (compared to this company's $5.13M).
Similar Nearby Businesses Who Received PPP Funding:
The Gruber Corporation
Carlsbad, CA
Scott C Besso
Carlsbad, CA
Nanette Vincent
Carlsbad, CA
Crunch Care Inc
Carlsbad, CA
Baby Safe Home Inc
Carlsbad, CA
Jason Felix
Carlsbad, CA
Willgrow Incorporated
Carlsbad, CA
Lauren Griffith
Carlsbad, CA
Datadivider Inc
Carlsbad, CA
Industry PPP Comparison Statistics
Nationwide, 230,999 businesses in the "All Other Personal Services" industry received a total of $5.5B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 99% lower than Two Jinn, Inc's reported 392 employees, and received an average PPP loan of $23,831, 100% lower than this company's loan of $5.13M.
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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