The concept of a magic mirror camera combines two fascinating elements: the magical allure of a mirror and the captivating power of photography. This innovative camera allows individuals to capture moments and expressions simultaneously while looking at themselves in a mirror. It adds an enchanting touch to the process of taking pictures, making it a unique and unforgettable experience. The magic mirror camera functions by integrating a display screen seamlessly into the reflective surface of the mirror. This allows users to see their own reflection while also being able to view the composition and framing of the photo they are about to take. By merging the functionality of a mirror and a camera, this technology offers a remarkable opportunity to capture more natural and candid shots.
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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.
By merging the functionality of a mirror and a camera, this technology offers a remarkable opportunity to capture more natural and candid shots. One of the key advantages of the magic mirror camera is its ability to create engaging and interactive photo experiences. People can experiment with different poses, expressions, or styles while simultaneously observing the outcome in real-time.
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:
This feature enhances the fun and enjoyment of taking pictures, especially in social gatherings or events where the magic mirror camera is often employed. Moreover, the magic mirror camera also offers a range of advanced features to enhance image quality and output. Users can adjust settings such as exposure, filters, or even add virtual props and effects to their photographs, all while maintaining a seamless interaction between the mirror and camera functionalities. The magic mirror camera has gained considerable popularity in various settings, including weddings, parties, and photo booths. Its ability to capture genuine moments and create a dynamic and interactive experience has made it a favorite among photographers and event organizers worldwide. Overall, the magic mirror camera combines the enchantment of a mirror with the functionality of a camera, offering a unique and captivating experience for both professional and amateur photographers alike. Whether used in events or personal photography, this innovative technology adds a touch of magic to the art of capturing moments..
Reviews for "Elevating Fashion Photography with the Magic Mirror Camera"
1. Sarah - 2 stars - I was really excited to try out the Magic Mirror Camera, but unfortunately, it was a huge disappointment. The image quality was terrible, with grainy and pixelated photos, making it almost impossible to see any details. The app was also incredibly glitchy and crashed multiple times during use. Overall, I found this camera to be incredibly frustrating and not worth the price.
2. John - 1 star - The Magic Mirror Camera is a complete waste of money. The design is clunky and not user-friendly at all. It took forever to figure out how to take a photo, and even when I did, the quality was atrocious. The images were consistently off-centered and distorted, making them completely unusable. I would highly advise against purchasing this camera if you're looking for a reliable and quality device.
3. Emily - 2 stars - I had high hopes for the Magic Mirror Camera, but unfortunately, it fell short. The concept is unique and intriguing, but the execution is lacking. The camera struggled to capture images in low-light conditions, resulting in dark and blurry photos. Additionally, the autofocus was slow and often missed its mark. It's a shame because I really wanted to love this camera, but it just didn't deliver the quality I was hoping for.
4. Michael - 3 stars - While the Magic Mirror Camera has some interesting features, it ultimately didn't meet my expectations. The image quality was inconsistent, with some photos turning out great while others were completely washed out. The camera app was also difficult to navigate and lacked essential editing tools. I found myself constantly having to transfer the photos to another editing app to achieve the desired results. Overall, it's an average camera that could use some improvements to truly be a standout device.