PPP Loan Data — VON Curtis Inc, Sandy, UT
VON Curtis Inc is a corporation located at 9756 S 500 W in Sandy, Utah that received a Coronavirus-related PPP loan from the SBA of $1,624,500.00 in May, 2020. This business is a Paul Mitchell The School Franchise System franchise.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Zions Bank, A Division of
VON Curtis Inc in Sandy, UT received a Paycheck Protection Loan of $1.62M through Zions Bank, A Division of, which was approved in May, 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 June, 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, VON Curtis Inc's 2019 payroll expenses are estimated to be at least $7.8M.
Based on their reported 209 jobs retained, this equals an estimated average yearly compensation of $37,309 per employee1
Reported PPP Proceed Usage:
On the PPP application, VON Curtis Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,624,500
Business Information - VON Curtis Inc in Sandy, UT
9756 S 500 W
Sandy, UT 84070
Cosmetology and Barber Schools
NAICS code 611511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sandy
In the Sandy area, 2 businesses in the "Cosmetology and Barber Schools" industry received a PPP loan. These local businesses reported an average of 130 employees (compared to this company's 209) and received an average PPP loan of $1,277,400 (compared to this company's $1.62M).
Similar Nearby Businesses Who Received PPP Funding:
Paul Mitchell Advanced Education LLC
Industry PPP Comparison Statistics
Nationwide, 15,613 businesses in the "Cosmetology and Barber Schools" industry received a total of $379.42M 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 3 employees, 99% lower than VON Curtis Inc's reported 209 employees, and received an average PPP loan of $24,302, 99% lower than this company's loan of $1.62M.
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Footnotes & Information
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