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PPP Loan Data — Campbell Fitness LLC,
Los Angeles, CA
Campbell Fitness LLC
Entity: Limited Liability Company (LLC)
Industry: Fitness and Recreational Sports Centers
Location: Los Angeles, CA
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Campbell Fitness LLC is a limited liability company (LLC) located at 11661 San Vicente Blvd 0.0 in Los Angeles, California that received a Coronavirus-related PPP loan from the SBA of $118,175.00 in August, 2020.
$
PPP Loan Information
Loan #4646588204
Loan Size:
Jobs Retained:
40Loan Approved:
2020-08-06Loan Status:
Ongoing LoanLender:
JPMorgan Chase Bank, National AssociationCampbell Fitness LLC in Los Angeles, CA received a Paycheck Protection Loan of $118,175 through JPMorgan Chase Bank, National Association, which was approved in August, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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.
Read MoreUnderstanding 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.
Read MoreBased 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, Campbell Fitness LLC's 2019 payroll expenses are estimated to be at least $567,240.
Based on their reported 40 jobs retained, this equals an estimated average yearly compensation of $14,181 per employee1
Reported PPP Proceed Usage:
On the PPP application, Campbell Fitness LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $84,199
- Utilities: $500
- Rent: $19,045
- Health Care: $4,431
- Debt Interest: $10,000
Business Information - Campbell Fitness LLC in Los Angeles, CA
11661 San Vicente Blvd 0.0
Los Angeles, CA 90049
Business Industry:
Fitness and Recreational Sports Centers
NAICS code 713940
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
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 9 other businesses that received a PPP loan registered to the same address as Campbell Fitness LLC.
WCF Santa Clara Univ LLC (Koma V V)
Fitness and Recreational Sports Centers
WCF Playa Vista LLC
Fitness and Recreational Sports Centers
WCF Koreatown LLC
Fitness and Recreational Sports Centers
Cincy Fitness The Second LLC
Fitness and Recreational Sports Centers
WCF Marina Del Rey LLC
Fitness and Recreational Sports Centers
WCF Mission Park LLC
Fitness and Recreational Sports Centers
Basselnati Fitness LLC
Fitness and Recreational Sports Centers
WCF Blossom Hill LLC
Fitness and Recreational Sports Centers
SAC It To Me Bassel LLC
Fitness and Recreational Sports Centers
Similar Companies near Los Angeles
In the Los Angeles area, 81 businesses in the "Fitness and Recreational Sports Centers" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 40) and received an average PPP loan of $69,583 (compared to this company's $118,175).
Similar Nearby Businesses Who Received PPP Funding:
Samuel Rodriguez
Los Angeles, CA
Century City Fitness LLC
Los Angeles, CA
Bunda, Inc
Los Angeles, CA
First Alpha LLC
Los Angeles, CA
WCF Burbank LLC
Los Angeles, CA
West Coast Fitness LLC
Los Angeles, CA
LIT Fitness Group LLC
Los Angeles, CA
Taurice Jourdan
Los Angeles, CA
Bar Method Of La LLC
Los Angeles, CA
Industry PPP Comparison Statistics
Nationwide, 61,280 businesses in the "Fitness and Recreational Sports Centers" industry received a total of $2.95B 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 12 employees, 70% lower than Campbell Fitness LLC's reported 40 employees, and received an average PPP loan of $48,172, 59% lower than this company's loan of $118,175.
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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