Dance Magic St. George is a highly renowned dance festival that takes place in the city of St. George. It brings together dancers from various genres and styles, showcasing their talent in an electrifying and mesmerizing way. The festival is a celebration of the art of dance and the vibrant culture it encompasses. Dance Magic St.
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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.
Dance Magic St. George features performances by both local and international dancers, making it a truly diverse and inclusive event. From ballet to hip-hop, contemporary to salsa, the festival offers a wide range of dance forms, catering to all tastes and preferences.
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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On the PPP application, Dance Magic, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
The festival not only serves as a platform for dancers to showcase their skills but also provides opportunities for collaboration and innovation. It encourages dancers to push boundaries, experiment with new styles, and create innovative choreographies that push the boundaries of the art form. This makes Dance Magic St. George an exciting and dynamic event that keeps the audience on the edge of their seats. In addition to performances, the festival also includes workshops, masterclasses, and panel discussions with renowned dance professionals. These sessions provide invaluable learning and networking opportunities for both budding and experienced dancers. They offer a chance to gain insights into the industry, learn new techniques, and exchange ideas with fellow dancers and choreographers. Dance Magic St. George is not just limited to the stage. It also encompasses various community outreach programs, aiming to promote dance as a form of self-expression and empowerment. These programs bring the magic of dance to schools, community centers, and other public spaces, making it accessible to a wider audience. Overall, Dance Magic St. George is a celebration of the power and beauty of dance. It serves as a platform for dancers to showcase their talent, learn from experts, and inspire others. It brings together people from different backgrounds and cultures, using the universal language of dance to create connections and foster a sense of unity. Dance Magic St. George truly lives up to its name, enchanting audiences and leaving an everlasting impact..
Reviews for "Bridging the Generational Gap: The Interplay Between Tradition and Innovation in Dance Magic St. George"
1. John - 1 out of 5 stars
I was really disappointed with "Dance Magic St. George". The story was weak and predictable, and the characters felt flat and uninteresting. The dancing scenes were also lackluster, with no real creativity or excitement. I had high hopes for this film, but it definitely did not deliver. I would not recommend wasting your time or money on this movie.
2. Sarah - 2 out of 5 stars
I found "Dance Magic St. George" to be quite underwhelming. The storyline was cliché and unoriginal, following the same predictable patterns we've seen in countless dance movies before. The acting was mediocre at best, and the dialogue felt forced and unnatural. The dance choreography was also nothing special, lacking the wow-factor that I was expecting from a film with "magic" in its title. Overall, I was left feeling unimpressed and unsatisfied.
3. Mark - 2 out of 5 stars
"Dance Magic St. George" fell flat for me. The plot was thin and poorly developed, leaving me uninvested in the outcome. The characters were one-dimensional and lacked depth, making it difficult to connect with them on any level. The dance sequences, while technically proficient, lacked creativity and failed to leave a lasting impression. Overall, I found this film to be forgettable and would not recommend it to others.
4. Emily - 1 out of 5 stars
I found "Dance Magic St. George" to be an absolute bore. The story was unoriginal and uninspired, following the same tired formula we've seen countless times before. The performances were lackluster, with no real chemistry between the actors. The dance scenes were also underwhelming, lacking the energy and excitement that should be present in a dance movie. Save yourself the disappointment and skip this one.