PPP Loan Data — Wellness44, Inc, Agoura Hills, CA
Wellness44, Inc is a subchapter s corporation located at 5871 Kanan Rd in Agoura Hills, California that received a Coronavirus-related PPP loan from the SBA of $25,377.00 in June, 2020.
The company has reported itself as a White female owned business, and employed at least eleven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Idaho First Bank
Wellness44, Inc in Agoura Hills, CA received a Paycheck Protection Loan of $25,377 through Idaho First Bank, which was approved in June, 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, Wellness44, Inc's 2019 payroll expenses are estimated to be at least $121,810.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $11,074 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wellness44, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,377
Business Information - Wellness44, Inc in Agoura Hills, CA
5871 Kanan Rd
Agoura Hills, CA 91301
All Other Personal Services
NAICS code 812990
Business Owner Demographics
Ethnicity: 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 Agoura Hills
In the Agoura Hills area, 122 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 11) and received an average PPP loan of $50,966 (compared to this company's $25,377).
Similar Nearby Businesses Who Received PPP Funding:
The Tox Corporation
Details Event Planning
HPW Personal Training Inc
Helmut Schleppi Inc
Industry PPP Comparison Statistics
Nationwide, 237,729 businesses in the "All Other Personal Services" industry received a total of $5.63B 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, 73% lower than Wellness44, Inc's reported 11 employees, and received an average PPP loan of $23,676, 7% lower than this company's loan of $25,377.
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Footnotes & Information
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