A real light magic nail dryer is an essential tool for anyone who loves to keep their nails looking fresh and polished. With this device, you can easily and efficiently dry your freshly painted nails in no time. The main idea behind a real light magic nail dryer is its use of LED technology, which emits a specific wavelength of light that quickly and effectively cures and hardens nail polish. This means that you no longer have to wait for minutes, if not hours, for your nails to dry naturally. The convenience of a real light magic nail dryer cannot be overstated. It is a compact and portable device that you can easily take with you wherever you go.
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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. 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.
It is a compact and portable device that you can easily take with you wherever you go. This means that you can now achieve salon-quality nails in the comfort of your own home or even on the go. One of the key benefits of using a real light magic nail dryer is its efficiency.
PPP Loan Data — Dance Magic, LLC, Saint George, UT
Dance Magic, LLC is a subchapter s corporation located at 334 W. Tabernacle, Suite 1 in Saint George, Utah that received a Coronavirus-related PPP loan from the SBA of $5,300.00 in April, 2020.
$ PPP Loan Information
Loan #9255837206 $5,300Jobs Retained:
Loan Approved:
Loan Status:
Paid in Full or Forgiven
Cache Valley Bank
Dance Magic, LLC in Saint George, UT received a Paycheck Protection Loan of $5,300 through Cache Valley Bank, 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.
- For most corporations and nonprofits, "payroll costs" include gross wages & tips, employer-paid health insurance & retirement contributions, and some employment taxes
- For self-employed individuals & sole proprietorships, PPP amount is based on Schedule C (either gross income or net profit depending on situation, plus gross wages, etc if there are other employees besides the owner)
- In all cases, salaries or net earnings over $100k are capped at $100k for PPP calculation purposes
- For new businesses that were not in operation in 2019, alternative reference periods are available
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.
For Dance Magic, LLC, the calculation used to estimate payroll costs is shown below:
($5,300 / 2.5) * 12 = $25,440
Situations may exist in which it may not be accurate to estimate a PPP recipient's payroll expenses based on the amount of PPP loan received. This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received.
- Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs.
- Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above.
Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only.
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, Dance Magic, LLC's 2019 payroll expenses are estimated to be at least $25,440.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $12,720 per employee 1
Reported PPP Proceed Usage:
On the PPP application, Dance Magic, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
Business Information - Dance Magic, LLC in Saint George, UT
Dance Magic, LLC334 W. Tabernacle, Suite 1
Saint George, UT 84770
Business Industry:
Clothing Accessories Stores
NAICS code 448150
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Washington County, UT — SBA Office 0883 — Congressional District: UT-02Similar Companies near Saint George
In the Saint George area, 3 businesses in the "Clothing Accessories Stores" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 2) and received an average PPP loan of $5,467 (compared to this company's $5,300).
Similar Nearby Businesses Who Received PPP Funding:
Dance Magic LLC
St George, UT
Kristies Colorful Hula Skirts Inc
Saint George, UT
Industry PPP Comparison Statistics
Nationwide, 19,411 businesses in the "Clothing Accessories Stores" industry received a total of $504.73M 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, 50% higher than Dance Magic, LLC's reported 2 employees, and received an average PPP loan of $26,002, 391% higher than this company's loan of $5,300.
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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FederalPay is a free public resource site and is not affiliated with the United States government or any Government agency
On the PPP application, Dance Magic, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
Unlike traditional nail dryers, which may use fans or heat to dry nails, this device utilizes LED technology to cure nails quickly and evenly. This ensures that your nail polish sets properly and lasts longer without any streaks, smudges, or chips. Furthermore, a real light magic nail dryer is not only suitable for drying nail polish but also for curing gel nails. Gel nails require a special type of nail dryer that can emit the right wavelength of light to cure the gel polish. With this device, you can achieve salon-quality gel nails at home without the need for expensive salon visits. In conclusion, a real light magic nail dryer is a must-have tool for anyone who loves to keep their nails looking beautiful and polished. Its use of LED technology provides efficient and quick drying, allowing you to achieve salon-quality results in the comfort of your own home. So say goodbye to waiting for your nails to dry naturally and hello to convenient and professional-looking nails with a real light magic nail dryer..
Reviews for "Light Magic: The Revolutionary Technology Behind Nail Drying"
1. Sarah - 2 stars
I was really disappointed with the Craft a real light magic nail dryer. First of all, it took forever for the dryer to actually dry my nails. I had to sit there for at least 20 minutes before my nails were even close to being dry. Secondly, the quality of the product was very poor. The light bulbs kept flickering and sometimes wouldn't even turn on. Overall, I do not recommend this product to anyone looking for a reliable and efficient nail dryer.
2. John - 1 star
I had high hopes for the Craft a real light magic nail dryer, but it turned out to be a complete waste of money. The dryer didn't do its job properly at all. Even after waiting for more than 30 minutes, my nails were still not fully dry. Additionally, the design of the dryer was uncomfortable to use. It was difficult to position my fingers properly and the buttons were not intuitive. I would not recommend this nail dryer to anyone who wants a quick and effective drying experience.
3. Emily - 2 stars
The Craft a real light magic nail dryer fell short of my expectations. It took longer than expected for my nails to dry and even then, they were still slightly tacky. The light emitted by the dryer was not strong enough, and I had to constantly reposition my hands to ensure all parts of my nails were exposed to the light. Given the price of the product, I believe there are better options available in the market. I was quite disappointed with my purchase.