PPP Loan Data — GYM Source USA LLC, Teterboro, NJ
GYM Source USA LLC
Entity: Limited Liability Company (LLC)
Location: Teterboro, NJTweet This • Search All PPP Data
GYM Source USA LLC is a limited liability company (LLC) located at 100 Central Ave in Teterboro, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,201,942.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
GYM Source USA LLC in Teterboro, NJ received a Paycheck Protection Loan of $3.2M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, GYM Source USA LLC's total 2019 payroll expenses were approximately $15.37M in order to qualify for the PPP loan amount received.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $69,861 per employee1.
Business Information - GYM Source USA LLC in Teterboro, NJ
100 Central Ave
Teterboro, NJ 07608
Sporting and Recreational Goods and Supplies Merchant Wholesalers (NAICS code 423910)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-09
Industry PPP Comparison Statistics
Nationwide, 4,032 businesses in the "Sporting and Recreational Goods and Supplies Merchant Wholesalers" industry received a total of $485,114,064.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 95% lower than GYM Source USA LLC's reported 220 employees, and received an average PPP loan of $120,316, 96% lower than this company's loan of $3.2M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!