PPP Loan Data — Fitdc FL LLC DBA F45 Training Land O Lakes, Lutz, FL
Fitdc FL LLC DBA F45 Training Land O Lakes is a limited liability company (LLC) located at 19228 Roseate Dr in Lutz, Florida that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least 40 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Fitdc FL LLC DBA F45 Training Land O Lakes in Lutz, FL received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in May, 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
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, Fitdc FL LLC DBA F45 Training Land O Lakes' 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 40 jobs retained, this equals an estimated average yearly compensation of $3,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Fitdc FL LLC DBA F45 Training Land O Lakes reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $17,000
- Utilities: $500
- Rent: $7,500
Business Information - Fitdc FL LLC DBA F45 Training Land O Lakes in Lutz, FL
19228 Roseate Dr
Lutz, FL 33558
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Fitdc FL LLC DBA F45 Training Land O Lakes' reported 40 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $25,000.
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Footnotes & Information
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